Gazprom Neft

Gazprom Neft’s Board of Directors has reviewed and confirmed the company’s development strategy to 2030. The new document continues current strategy to 2025, which envisages achieving production at 100 million tonnes of oil equivalent (mtoe) per year while, concurrently, maintaining the proved (1P) reserves-to-production ratio of at least 15 years and ensuring a 100-percentreserves replacement every year. The strategy …

Gazprom Neft’s Board of Directors has reviewed information on further improving the efficiency of the oil business’s operational processes through the use of innovative digital technologies. Digital transformation is a priority area of focus in Gazprom Neft’s activities, creating new opportunities for improving economic efficiency in the face of increasing business complexity and ever decreasing potential for process improvements through …

Gazprom Neft’s Board of Directors has reviewed information on implementing the company’s resource-base development strategy. The current document, approved by the Board of Directors in 2016 and updated in November 2017, clarifies the company’s strategy on resource-base development to ensure the company achieves its objectives in line with current industry and global trends — the key priority being to ensure the …

  RUB298.7 billion — Gazprom Neft’s net profit for 9M 2018, a 58-percent increase on 9M 2017; RUB614.5 billion adjusted EBITDA* for the first nine months of 2018 — up 53.9 percent on 9M 2017; Free cash flow (FCF) for 9M 2018, standing at RUB134.8 billion, a 62.4-percent increase year-on-year. Gazprom Neft announces its consolidated financial accounts (IFRS) for 9M/3Q 2018. Revenue in the first nine months of 2018 amounted to one trillion, 827.3 billion …

The Gazprom Neft Board of Directors has, on 26 October, reviewed the company’s associated petroleum gas (APG) utilisation programme, as well as greater effectiveness in APG utilisation in 2018 and plans for 2019–2021. Based on 2018 outcomes, and in the light of increasing hydrocarbon production, the productive use of APG throughout the company’s fields is expected to show a year-on-year increase of 2.7 billion cubic metres — an increase, …

Gazprom Neft has developed digital products for estimating capital and operational costs (CAPEX and OPEX) in conceptual engineering and field management. Thanks to unique digital programmes the exactitude of cost estimates has increased two-fold in comparison with industry standards, allowing more considered financial decisions to be taken on both current and future assets. These CAPEX and OPEX …

INTRODUCTION The Achimov horizons are deep-water sandy and clay strata’s associated with the fondoform part of the Neocomian cyclic wedges [1]. Reserve recovery in these deposits is still less than 10 percent, with a mere handful of license projects in which the Achimov horizons have entered the commercial production phase …

Introduction Plummeting hydrocarbon market prices have presented oil producing and service companies with the challenge of fundamentally reconsidering their operation and approaches efficiency. This challenge requires focusing on major concepts shaping the company’s operations. One such concept is the degree of integration and quality of multi-discipline and cross-functional interaction between …

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 …

The Gazprom Neft Scientific and Technical Center together with specialists from Gazpromneft-Khantos and Russian companies have developed a set of engineering solutions to create long-life injection wells. According to preliminary calculations, the service life of new equipment without repair is up to 15 years, which is 4 times higher than traditional indicators. The increase in …