The Yamal Peninsula (Russian: полуо́стров Яма́л), located in Yamal-Nenets autonomous district of northwest Siberia, Russia, extends roughly 700 km (435 mi) and is bordered principally by the Kara Sea, Baydaratskaya Bay on the west, and by the Gulf of Ob on the east. In the language of its indigenous inhabitants, the Nenets, "Yamal" means "End of the World".
Barents Observer | TNK-BP goes for Yamal oil
The investment is for the initial phase of the exploration and construction of the Suzun, Tagul and Russkoye fields at Yamal, reports Dow Jones Newswire. The initial phase includes early production activities.
TNK.BP is a joint venture between British BP and a group of Russian investors. The company is Russia’s third biggest oil producer.
Background information
The fields are 100-percent owned by Gazprom subsidiary Gazprom dobycha Nadym.
The Bovanenkovo field is planned to be in production in year 2011. The field will be linked with a western-bound pipeline. In addition south-bound railway line is to be connected to the field.
The Yamal Peninsula, located in Yamal-Nenets autonomous district of northwest Siberia, extends roughly 700 km and is bordered principally by the Kara Sea, Baydaratskaya Bay on the west, and by the Gulf of Ob on the east.
The peninsula is the place where traditional large-scale nomadic reindeer husbandry is best preserved in Russia. On the peninsula, several thousand Nenets and Khanty reindeer herders hold about 500,000 domestic reindeer.
A herd of deer grazes on pasture ground on the Yamal peninsula, north of the Arctic circle Picture: REUTERS
Baby mammoth unearthed in Yamal is 37,000 years old - scientists
Ice Baby — National Geographic Magazine, May 2009