Russian independent gas producer Novatek, through its subsidiary Novatek-Tarkosaleneftegas, a wholly owned subsidiary, has launched production from gas condensate bearing layers of the North-Russkoye and East-Tazovskoye fields with a capacity of 7.7 bcm/year of natural gas and 1 Mt/year of gas condensate.
In December 2019, Novatek-Yurkharovneftegas, a subsidiary of Novatek, was awarded two 25-year oil and gas licences to explore and produce hydrocarbons in two areas in the Yamal-Nenets region in northern Russia. The first license, which comprises the South-Yamburgskiy subsoil area located in the Nadym District, has estimated resources of 506 bcm of natural gas and 126 Mt of liquids (4.3 Gboe). The second permit, which covers the East-Ladertoyskiy subsoil area located on the Gydan Peninsula, has estimated resources of 184 bcm of natural gas and 32 Mt of liquids (1.5 Gboe).