Gazprom Neft

Gazprom Neft and Zarubezhneft have signed a binding agreement on establishing a joint venture for exploration and production of hard-to-recover oil reserves in the Khanty-Mansi Autonomous Okrug—Yugra, and on developing effective technologies, to that end. The new joint venture’s asset portfolio will include the Salysmky-3 and Salymsky-5 license blocks, both located in the Khanty-Mansi Autonomous Okrug, at which the …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

A double-bored multilateral well for developing Achimovsky strata — involving a construction unique to Russia — has been commissioned by Gazpromneft-Noyabrskneftegaz at its Vyngayakhinskoye field.* In line with international classifications, the well is deemed to have a “TAML-3” level of complexity.** The well’s construction means oil inflows can be double those achieved in single-barrel wells. Specialists based around the Bolshaya Achimovka project office, including …

The Bazhenov Technology Centre (a Gazprom Neft subsidiary) is preparing to commence development of Bazhenov Formation deposits at Salym-group license blocks in the Khanty-Mansi Autonomous Okrug-Yugra. Commercial production of non-conventional oil — of which reserves in place at the Salymsky-3 and Salymsky-5 blocks stand at more than 500 million tonnes of oil — is expected to start in 2025. Gazprom Neft has completed 3D-seismic investigations at the Salymsky-3 block, …

For the first time in Russia, Gazprom Neft adapted the method of offshore electrical exploration to study deposits of difficult oil. The new approach made it possible to identify the most promising sections of the Bazhenov formation, the industrial development of which will begin in 2021. The Gazprom Neft Science and …

The Company has maintained its financial stability amidst the unprecedented COVID-19 pandemic and decline in oil demand and oil prices; Adjusted Q1 2020 EBITDA stands at RUB99 billion; Significant free cash flow, standing at RUB22 billion; Net debt to EBITDA ratio as at end Q1 2019 standing at 0.88x. Gazprom Neft (the “Company’) today announces its consolidated IFRS financial results for the …

Gazpromneft-Zapolyarye (a subsidiary of Gazprom Neft) will begin development of the Neocom-Jurassic deposits of the Bovanenkovo ​​oil and gas condensate field and the Kharasavey gas and condensate field on the Yamal Peninsula, as well as the Achimov deposits * and the oil rims of the Urengoy oil and gas condensate …

Gazprom Neft is deploying a major anti-COVID-19 programme — “Antivirus” — which includes a range of initiatives to ensure continuous production under the current pandemic. One of the most important projects under this programme involves putting in place “buffer zones” for virus-testing rotational-shift rig workers prior to their leaving for fields. Special buffer zones have been put in place for workers …

Gazpromneft-Zapolyarye commissioned the first fishbon on the oil rim of the Chayandinskoye field in Yakutia. The starting flow rate of a multilateral well doubled that of previously used horizontal structures and amounted to about 400 tons per day. The first fishbone multilateral well * on the oil rim of the Chayandinskoye …