Experts evaluated hydrocarbon reserves of NOVATEK

The company DeGolyer and MacNaughton conducted assessment of hydrocarbon reserves of NOVATEK.

On the 31st of December of 2014 proved reserves of the company, including a part in reserves of joint enterprises, made 12578 million barrels in oil equivalent, including 1747 milliard cubic meters of gas and 135 million tons of liquid hydrocarbons.

The experts evaluated reserves of the East-Tarkosalinskoye, Khancheyskoye, North-Khancheyskoye and Khadyryakhinskoe, North-Russkoye, Yurkharovskoye, West-Yurkharovskoye, Utrenneye, Geofizicheskoye and East-Tazovskoye, Olympiyskoye and West-Urengoyskoye licensed areas, licenses for development of which belong to affiliated enterprises of the company, also South-Tambey, Termokarstovoye, Yarudeyskoye, North-Chaselskoye and Yaro-Yakhinskoye fields, Yevo-Yakhinskoye, Samburgskoye and North-Urengoyskoye licensed areas. Their reserves were taken into consideration in conformity with parts of the company in joint enterprises. Marketable production in all fields last year made about 457 million barrels in oil equivalent. In comparison to December of 2013 hydrocarbon reserves increased on 0.3 percent, and reserve replacement ratio made 109 percent. NOVATEK is provided with proved hydrocarbon reserves for 28 years, as the press-service of the company informs.