Oil production in the Kharyaga field in the North-West of Russia started in 1999. The Kharyaga PSA license, where Statoil is partner, covers two out of six geological layers in the whole Kharyaga field.
The Kharyaga field was discovered in 1970. Being a part of Timan-Pechora basin, it is located in Nenets Autonomous District, 60 km north of the polar circle on permafrost soil.
The Kharyaga PSA license is developed in stages according to the terms of the Production Share Agreement. Statoil farmed into the project in 1996. The French company Total is the operator.
From the initial production in 1999 of 10.000 bbl/d, the Kharyaga PSA license has been further developed with production peaking at over 35.000 bbl/d, corresponding to Statoil equity production peaking at 10.000 bbl/d.