Novatek-Tarkosaleneftegaz OOO (Russia)

Novatek-Tarkosaleneftegaz OOO is a Russian company located in Tarko-Sale. It is the largest independent producer of natural gas in Russia. The company has over twenty years of experience in the Russian oil and gas industry and is involved in exploration, extraction, processing, and sale of natural gas and liquid hydrocarbons. Their main deposits and licensed areas are located in the Yamalo-Nenets Autonomous Okrug (YNAO) in Western Siberia, which is the largest region in Russia for natural gas extraction, accounting for about 80% of Russian gas production and approximately 15% of global gas production. The company's proven hydrocarbon reserves, according to SEC standards as of the end of 2022, amounted to 17.6 billion barrels of oil equivalent (boe). Most of their reserves are located onshore or can be extracted from onshore and fall into the category of conventional reserves. Novatek-Tarkosaleneftegaz aims to replenish and increase its proven reserves by conducting optimal geological exploration not only in close proximity to existing transportation and production infrastructure but also in new promising regions. In 2022, the replenishment coefficient of proven reserves was 282%. The company conducts commercial hydrocarbon production at 23 fields. In 2022, gas production increased by 2.8%, while liquid hydrocarbon production decreased by 2.9%. They process unstable gas condensate at their Purovsky gas condensate plant (GPC), which produces stable gas condensate and LPG (liquefied petroleum gas). In June 2013, Novatek-Tarkosaleneftegaz started processing stable condensate produced at the Purovsky GPC at a newly built complex in the port of Ust-Luga on the Baltic Sea. The complex allows for the production of light and heavy oil, kerosene, diesel fraction, and fuel oil. The company's main revenue comes from the sale of natural gas and products derived from stable gas condensate, as well as, to a lesser extent, the sale of other liquid hydrocarbons. Their revenue from sales in 2021 amounted to 1,157 billion rubles, with an EBITDA of 748 billion rubles.