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AbstractHigh accurate reservoir simulation is required to better describe multiphase fluids flow to hydraulic fractured wells and improve the development of gas-condensate field. In recent years, numerous research efforts were focused on the developing efficient numerical scheme for full-field simulation and have been facing the problem of tremendous computational resources used to simulate realistic hydraulic fracture details for better and more reliable production optimization. Most of the existent numerical models are based on 3D computational grid that is used for the whole reservoir with grid refining in fracture domain and couldn't completely account all phenomenon within reasonable computational time.New approach for simulation of multiphase multicomponent steady state flow around the hydraulic fractured well is proposed. The approach is based on the splitting the thermodynamic and hydrodynamic problems of multiphase and multicomponent fluids flow. It is also assumed that conductive fracture could be described by 2D surface in 3D permeable formation. Additional coordinate system inside fracture allows to simulate the heterogeneous internal structure of fracture and account the details of the exchange process between fracture and reservoir. Relative permeability and non-Darcy effects in fracture and formation and non-uniform fracture conductivity could be taken account as well.Proposed model can be used for simulation of the steadystate multiphase multicomponent flow to hydraulic fracture of any arbitrary shape. Excellent agreement with commercial dynamic simulators was achieved for gas condensate flows simulation. Significant decrease in computational time in comparison with the existent simulators had been achieved.