Natural resources
Natural Resources Minister: Bidding to develop three Yamal-Nenets gas fields set for August 25
© RIA Novosti. Vladimir Fedorenko

Natural Resources Minister: Bidding to develop three Yamal-Nenets gas fields set for August 25

A tender to develop three gas fields in the Yamal-Nenets Autonomous Area is due on August 25, Minister of Natural Resources and Environment Sergei Donskoi told RIA Novosti.

"The Federal Agency for Mineral Resources has announced tenders to develop the Shtormovoye, Verkhnetiuteiskoye and Zapadno-Seyakhinskoye fields. Bids will be accepted until August 4. The tender is due on August 25," noted Donskoi.

The executive orders on holding tenders to develop the Shtormovoye, Verkhnetiuteiskoye and Zapadno-Seyakhinskoye fields in the Yamal-Nenets Autonomous Area were signed by Prime Minister Dmitry Medvedev last week.

According to RIA Novosti, only Novatek can file a bid to compete in the tender as per the stipulated conditions. The auction only admits companies that have already been exploring resources on the Yamal and Gydan peninsulas and which have licenses with a current commitment to send the extracted gas to natural gas liquefaction plants on the Yamal Peninsula. The license also stipulates that its holder must use the resources extracted on the field in the production of liquefied natural gas at existing facilities and those to be built in the Yamal-Nenets Autonomous Area.

The federal subsoil area that includes the Verkhnetiuteiskoye and Zapadno-Seyakhinskoye fields totals 3.28 thousand square kilometers. Oil reserves and resources in the field amount to 1.724 million metric tons in line with the C3 category; gas reserves and resources in the field total 206.407 billion cubic meters in line with the C1 category; and condensate comes to 2.473 million metric tons in line with the C1 category.

The overall area of the Shtormovoye field is 5.637 square kilometers. Gas reserves and resources there total 1.865 billion cubic meters in line with the C1 category, 6.06 billion cubic meters in line with the C2 category; and 572.536 billion cubic meters in line with the C3 category. There are 38.874 million metric tons of condensate in line with the C3 category.