Oil & Gas Operators

Gazprom Neft Enters Taimyr

Gazprom Neft has secured subsoil usage rights for geological prospecting in the west of the Taimyr Peninsula. The twelve blocks, covering a total 5,000 square kilometres, are located in the Dolgano-Nenetsky municipal district in the Krasnoyarsky Krai. Licenses to Zapadno-Taimyrsky blocks 1–12 have been issued for a period of seven years, with Gazprom Neft acquiring them under the “Declarative Principle” …

READ MORE →
Oil & Gas Operators

Gazprom Neft Urges OPEC to Raise Oil Output

Gazprom Neft CEO: oil prices at $55-65/bbl acceptable Gazprom Neft: OPEC+ deal should stay, output should rise Gazprom Neft aims to up exposure to Iraq CEO of Gazprom Neft says company plans to boost dividends (Adds detail, quotes) OPEC and non-OPEC producers should raise oil production starting from the second …

READ MORE →
Oil & Gas Operators

Gazprom Neft and NOVATEK Announce their Intention to Cooperate in the Arctic

Gazprom Neft and NOVATEK have concluded an agreement at this year’s St Petersburg International Economic Forum confirming their intention to cooperate in implementing projects in the Russian Arctic. Signatories to the document were Alexander Dyukov, Chairman of the Management Board, Gazprom Neft, and Leonid Mikhelson, Chairman of the Management Board, NOVATEK. The agreement confirms the parties’ intention of establishing a joint venture …

READ MORE →
Oil & Gas Operators

Gazprom Neft Strengthens its Own Arctic Fleet With a Second Icebreaker, The Andrey Vilkitsky

The Andrey Vilkitsky icebreaker, built as part of Gazprom Neft’s “Time of the Arctic” programme, has been launched in St Petersburg — the Alexander Sannikov icebreaker and six oil tankers having already been brought into operation. These cutting-edge icebreakers have been built to order for Gazprom Neft to operate around the Novoportovskoye field’s Arctic terminal in the Gulf of Ob …

READ MORE →
Oil & Gas Operators

Gazpromneft-Vostok: Mubadala Petroleum and the Russian Direct Investment Fund Purchase 49%

Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk Regions of Western Siberia. Further to an agreement announced on 24 …

READ MORE →
Oil & Gas Operators

Gazpromneft-Khantos: Establishes Upstream Control Centre Using “Digital Twin” Technology

Gazprom Neft subsidiary Gazpromneft-Khantos has launched an Upstream Control Centre as part of its “Digital Field” programme. The Centre takes solutions previously developed within the company, directed at improving the efficiency of individual upstream production processes, and brings these together in a single, integrated environment, with the creation of the Gazpromneft-Khantos Upstream Management Centre making possible the integrated and holistic …

READ MORE →
Oil & Gas Operators

Gazpromneft-Noyabrskneftegaz: Discovers New Field at Zapadno-Chatylkinsky

A new oilfield has been discovered at the Zapadno-Chatylkinsky license block, Yamalo-Nenets Autonomous Okrug, under licence to Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz. Drilling of three exploratory wells has revealed six independent oil deposits, with total geological reserves estimated at more than 40 million tonnes, subsequently confirmed by the State Commission on Mineral Reserves. The newly discovered field forms part …

READ MORE →
Oil & Gas Operators

Vostochno-Messoyakhskoye: Start Commercial Production

A ceremonial event marking the launch of the Vostochno-Messoyakhskoye field took place today. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Igor Sechin, Chief Executive Officer of Rosneft, and Alexander Dyukov, Chairman of the Gazprom Neft Management Board. Russian President Vladimir Putin gave the command via a video call to start offloading oil …

READ MORE →
Oil & Gas Operators

Gazprom Neft: Reserve Replacement Ratio Running at 279% in 2015

As at 31 December 2015 total proved and probable (proved + probable — 2P,* SPE-PRMS international standards**, including those held by joint enterprises*) hydrocarbon reserves at Gazprom Neft totalled 2.7 billion tonnes of oil equivalent (Gtoe) — an increase of 143 million tonnes (5.6 percent) year-on-year. On that basis, new reserves (at 79.7 mtoe) indicate a reserve-replacement ratio of 279 percent. Proved reserves (proved, 1P) at the end …

READ MORE →
Oil & Gas Operators

Gazprom Neft Completes First Winter Sea Shipments Of Oil From Novoportovskoye

Initiated in February 2015, Gazprom Neft has now completed its first winter shipments of oil from the Novoportovskoye field, becoming the first company in the Russian oil and gas sector to despatch oil from Yamal by sea under winter conditions. Seven tankers, carrying a total 110,000 tonnes of the company’s …

READ MORE →