Beregovoye field explained

Beregovoye Field
Location Map:Russia
Country:Russia
Region:Yamalo-Nenets Autonomous Okrug
Location:Purovsky District
Offonshore:Onshore
Operator:Sibneftegaz
Partners:Novatek
Itera
Discovery:1982
Start Production:2007
Recover Oil T:9.035
Recover Gas Bcm:324.211

The Beregovoye Field is a natural gas field in the northeast of Purovsky District, Yamalo-Nenets Autonomous Okrug, Russia. The field is developed by Sibneftegaz, a joint venture of Novatek and Itera. Sibneftegaz holds the exploration and development license for the Beregovoy license area until 2023.[1]

History

The field was discovered in 1982 and it was named after Russian geologist Vladimir Beregovoi.[2] It was to be developed by Sibneftegaz, a subsidiary of Gazprom. However, in late 1990s Gazprom lost control over Sibneftegaz and the main shareholder became Itera. The second largest shareholder became the Russian fertilizer producer Acron Group.

The field was ready for production in 2003; however, commercial production started only in 2007 after change in its ownership structure as Gazprom did not allowed produced gas to enter into the gas transportation system.[3] [4] In 2006, Gazprom through its banking arm Gazprombank bought back controlling stake (51%) in Sibneftegaz from Itera and commercial production started after that.[5] [6] [7] In 2009, Itera bought Acron Group 21% stake in Sibneftegaz.[8]

In December 2010, Novatek bought a 51% stake in Sibneftegaz from Gazprombank.[9] [10]

Reserves

It has reserves of 324.211e9m3 of natural gas, 0.991 million tonnes of gas condensate, and 9.035 million tonnes of crude oil.[2]

The field is connected by 32km (20miles) pipeline with the Zapolyarnoye–Urengoi pipeline.[2]

Notes and References

  1. Web site: Beregovoy License Area . . 2012-07-22 . https://archive.today/20130417102429/http://novatek.ru/en/business/producing/other/beregovoy/ . 2013-04-17 . dead .
  2. ITERA Oil and Gas Company has put into commercial operation Beregovoye field . . 2003-05-23 . 2012-07-22 .
  3. Beregovoye gas condensate field in Yamalo-Nenets autonomous district put into commercial operation . . 2007-04-19 . 2012-07-22 .
  4. News: Gazprom continues to deny Itera access for Beregovoye . ICIS Heren . 2004-02-13 . 2012-07-22 .
  5. News: ITERA Shares Beregovoe with Gazprom . . 2006-06-30 . 2012-07-22 . https://web.archive.org/web/20160304192432/http://www.kommersant.com/p686590/r_500/ITERA_Shares_Beregovoe_with_Gazprom/ . 2016-03-04 . dead .
  6. News: Beregovoye gas deal in the pipeline . . . 2006-02-24 . 2012-07-22.
  7. News: Gazprom to buy Sibneftegaz stake and control of Beregovoye . ICIS Heren . 2006-02-28 . 2012-07-22 .
  8. Acron Sells Its Sibneftegaz Shares to Itera-Vostok . https://archive.today/20130416130404/http://www.acron.ru/en/presscenter/pressreleases/2893/ . dead . 2013-04-16 . . 2009-08-09 . 2012-07-22 .
  9. News: Novatek offers Sibneftegaz buyback . . . 2011-01-21 . 2012-07-22.
  10. News: Novatek seals Sibneftegaz stake . . . Aleya . Begum . 2010-12-17 . 2012-07-22.