Gazprom Neft

Gazprom Neft and Shell have used this year’s St Petersburg International Economic Forum to sign an agreement on creating a joint venture to develop license blocks in the Yamalo-Nenets Autonomous Okrug. Gazprom Neft and Shell have signed all necessary legal documentation on a Sale and Purchase Agreement for a 50-percent interest in the authorised share capital of Meretoyakhaneftegaz, creating a joint venture on that basis. …

Gazprom Neft and Sberbank have entered into a cooperation agreement on innovation. The agreement was signed by Andrei Belevtsev, Gazprom Neft’s Chief Digital Transformation Officer, and Anatoly Popov, Sberbank’s Deputy Chairman of the Executive Board during the St Petersburg International Economic Forum. The companies will focus on jointly developing artificial intelligence (AI) technologies, platform solutions, technological …

Gazprom Neft and IKS Holding have entered into a preliminary agreement to establish a joint venture, which will facilitate oil industry’s access to the digital transformation technology market. The agreement was signed by Andrei Belevtsev, Chief Digital Transformation Officer of Gazprom Neft, and Igor Gorkov, Chief Executive Officer of Peter-Service PJSC (part of IKS Holding, operating under the …

Net profit for Q1 2019 of RUB107.9 billion, a 1.5-fold (54.9 percent) increase year-on-year Adjusted EBITDA* up 26.9 percent year-on-year, reaching RUB197.7 billion Net debt to EBITDA ratio as at end Q1 2019 standing at 0.59x Gazprom Neft today announces its consolidated IFRS financial results for three months ended March 31, 2019. Gazprom Neft’s revenue in the first three months of 2019 totalled RUB586.4 billion, a 12.6 percent increase year-on-year, …

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth tonne of oil since starting commercial production at its Sarqala field in the Kurdistan Region of Iraq. First oil was obtained at the Garmian block, which includes the Sarqala field, in 2011. Commercial oil shipments commenced in 2015, with the commissioning of the Sarqala-1 well. The second …

Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yamburgskoye oil and gas condensate field as well as oil-rim deposits at its parent company’s Pestsovoye and En-Yakhinskoye fields. Gazprom Neft has begun implementing large-scale projects involving the development of Achimov oil deposits …

The Gazprom Neft Board of Directors has reviewed information on the company’s budgetary and investment programme performance in 2018. Gazprom Neft showed considerable improvement in its financial and operational performance in 2018, both year-on-year and against target, with the company’s activities in many respects exceeding industry averages and making a significant contribution to achieving Gazprom Neft’s strategic goals. Growth …

Gazprom Neft has launched the world’s first ever digital Arctic-logistics management system. This innovative project — code-named “Kapitan (Captain)” — has been developed to ensure uninterrupted year-round shipments of all ARCO and Novy Port crude produced, and to improve efficiency in logistics management. The system, developed by specialists at Gazprom Neft, operates under three regimes: long-term and operational …

RDCR Well Engineering Forum has been very successful today with 500 delegates enjoying the Roundtable format for discussions. This Operator led show in terms of content has the highest ratio of ‘customers to service providers’ of any oil and gas forum in the FSU.

The 7th RDCR Well Engineering Conference at the Kempinski Baltschug is underway! With over 500 delegates all interested in sharing the industries technical innovations and experiences. Mikhail Pustovalov of NOV discussing optimised well completion design at RDCR 2019 using cemented ball drop system. Alexander Zamkovoi, TGT discussing Through-Barrier Diagnostics at …