E&P Program and Financial Strategy
Yurkharovskoye Field Development Plan
NOVATEK
Drilling program
Key changes to original development plan
Original - total of 88 wells and an artificial Diameter, mm
island to reach planned field capacity of
27 bcm
Updated¹ - total of 79 wells and no artificial
island to reach planned field capacity of
32.5 bcm
-
Change decrease in well count and
elimination of artificial island results in lower
capex and environmental risk
Achimov and Jurassic layers
"New well" "Old well"
+1-,%
168
114
+47%
Deviation, m
3,500
2,000
+75%
Horizontal run,m
1,000
500
+100%
Initial debit,
mcm/day
Drilling cost,
$/mcm cum. prod.
1.64
2.72
-40%
5,500
1,250
+340%
Updated strategy defers capital expenditures related to these layers to future periods
depending on updated Russian gas balance and market demand
Notes:
(1)
Based on maximum capex program
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