The Federal Program will Increase the Gas Production in Yamal

03.06.2009 — News

The Russian Government is developing a draft program for a comprehensive development of the oil and gas field in Yamal and in the North of the Krasnoyarsk Krai in 2009-2020. It will create the multiplier effect for the development of many of the Russian economy sectors.

It is planned to gradually shift the oil and gas production area further North: resources and yield of the largest fields that have been in operation since the Soviet times are constantly running down, whilst a further exploration does not lead to a significant increase of the resource base.

The investments in the implementation of the program may amount to 2.6 trillion roubles. The funds will be used for the development of the fields and the construction of the infrastructure. One of the limiting factor for hydrocarbon production within the Arctic Circle is a lack of transportation pipelines. The State intends to solve this problem in partnership with private investors.

As the Russian Ministry of Energy told RusBusinessNews, the oil production in YaNAO and in the North of the Krasnoyarsk Krai by 2020 must achieve the target of 80-85 million tons a year, gas condensate - up to 33 million tons. The implementation of the program will increase the budget income by 3.5 trillion roubles.

Taking into account the resources of the Kara Sea shelf, the estimated hydrocarbon reserves in Yamal amount to 125.3 trillion cubic metres, of which about 14 trillion cubic metres have already been produced. 229 hydrocarbon fields have already been discovered within the Region, whilst only one-fourth of them is developed commercially. The preparation for the development of 11 Yamal fields, including Bovanenkovskoye, Kharasaveiskoye, and Novoportovskoye, which are huge in terms of reserves, has been completed.