Gazprom Neft: Looking Eastwards
The Gazprom Neft Management Board has examined the issue of developing cooperation with Asia—Pacific companies. A key strategic objective for Gazprom Neft in its engagement with companies in the Asia Pacific in exploration and production activities concerns the sourcing of partners for projects currently under geological prospecting. Gazprom Neft is …
Gazprom Neft: 2014 Results – 6.7% Increase in Production, Exchange Rates Hit Bottom Line
Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2014. Overall sales (revenues before deducting export duties and similar payments) grew 12.4% (1,690.56 RUB bIn) as a result of increased hydrocarbon production and a significant increase in sales via premium channels …
Gazprom Neft Novy Port: Makes First Winter Shipment
Gazprom Neft Novy Port has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula. 16 thousand tonnes of crude oil was shipped to European consumers by oil tanker, escorted by an atomic icebreaker. The Novy Port oil will be delivered to …
Gazprom Neft: Production Volumes Replaced Five Fold
As at 31 December 2014 Gazprom Neft’s total proved and probable (2P) hydrocarbon reserves (including the Company’s share in joint ventures*) by international SPE-PRMS** standards amounted to 2.55 billion tonnes of oil equivalent. This represents an 11.5% or 263 million tonnes increase over 2013’s figures. Gazprom Neft’s production volumes in …
Gazprom Neft: Possible Exclusive Operating Agreement With PetroVietnam on Offshore Dolginskoye Field
Gazprom Neft has signed a number of agreements with Vietnamese companies aimed at developing cooperation between the two countries. The documents were signed in the presence of Russian President Vladimir Putin and the General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong. Alexander Dyukov, Chairman of Gazprom Neft’s …
Gazprom Neft: Millionth Barrel of Oil Produced at the Prirazlomnoye Field
The millionth barrel of the new oil, ARCO (Arctic Oil), has been produced at the Prirazlomnoye deposit. The second tanker to deliver the oil to North West Europe in the next few days is currently being loaded. The first tanker carrying oil from Prirazlomnoye set offfrom the deposit in April. A further two tankers will transport around one …
Gazprom Neft Begins Commercial Production and Oil Deliveries From the Badra Field in Iraq
Gazprom Neft, the operator of the Badra oil field in Iraq, announces that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra (Persian Gulf). Current deliveries from Badra to the pipeline stand at over 15,000 barrels of …
Gazprom Neft Commences First Sea Transportation from the Novy Port Field
Gazprom Neft has made a summer shipment of oil from the Novy Port oil field, with crude oil being delivered to European consumers by sea for the first time. This new type of crude, known as Novy Port, has all the characteristics of light crude, while its low sulphur content …
Gazprom Neft Extends Collaboration With Domestic Equipment Manufacturers
This year’s St. Petersburg International Economic Forum was marked by the signing of a number of strategic collaboration agreements between Gazprom Neft and various domestic suppliers, including OMZ (Uralmash-Izhora Group) and Hydromashservice (HMS Group). These agreements underline the company’s commitment to ongoing collaboration with Russian suppliers to ensure the fulfilment of its requirements for high-quality equipment at its onshore and …
Gazprom Neft: Hydrocarbon Production Up 4.2%
JSC Gazprom Neft has published its consolidated financial results, in accordance with International Financial Reporting Standards for FY 2013. The company’s financial performance in FY2013 as compared to FY2012 was positively affected by an increase in hydrocarbon production volumes and the resulting rise in product sales via premium channels (small …