Gazprom Neft

Russia’s vast but challenging Arctic offshore oil resources have regainedtheir appeal due to the oil price recovery and, given time, are likely todevelop into the country?s key oil-producing region, according to GazpromNeft’s official responsible for Arctic projects. The state-run oil company operates Russia’s only producing Arctic offshore oilfield, Prirazlomnoye in the Pechora Sea, …

Introduction The key factor in successfully drilling a production well is an accurate geological structure prediction for a producing formation. Currently, new well drilling data often disproves the existing formation models, which undermines the oil and gas reservoir production performance. Local heterogeneity identified through drilling and detailing of the reservoir …

Introduction Horizontal well construction is an effective method of developing oil and gas fields with a complex structure [1]. Currently, 77% of Gazprom Neft wells under construction use the standard set of Formation Evaluation (FE) methods. These include resistivity logging (RL) and gamma ray logging (GR) (GOST 32358-2013). The application …

Within the framework of the St. Petersburg International Economic Forum, Gazprom Neft and IBM agreed on expanding cooperation in new technological projects in on-shore oil production. One of the possible directions is the consideration of joint work on the methodology for the introduction of a Digital Laboratory by Gazprom Neft. …

The Gazprom Neft Science and Technology Centre (NTC) and Yandex Terra (Seismotech Ltd) have announced the completion of a two-year programme testing a range of domestically produced software to support seismic data processing and interpretation. Roll-out operations, using Yandex Terra’s “Prime” software, have demonstrated the viability of using only Russian software in the processing and the subsequent interpretation of seismic data. The …

Gazprom Neft today publishes its consolidated IFRS financial statements for Q1 2018. RUB69.7 billion — Gazprom Neft’s net profit for Q1 2018, a 12.4 percent increase on Q1 2017 Adjusted EBITDA for the first three months of 2018 up 32.3 percent year-on-year, to RUB155.8 billion Free cash flow (FCF) for the first three months of 2018 standing …

Gazprom Neft has signed a binding agreement on the alienation of a 49-percent share in the authorised capital of Gazpromneft-Vostok — the purchasers being Mubadala Petroleum (United Arab Emirates) together with the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia). The asset-holding structure following the closing of the transaction will be Gazprom Neft 51 percent, Mubadala Petroleum 44 percent, and …

On May 24, 2018, Gazprom Neft and Mitsui signed a Memorandum of Understanding at St. Petersburg International Economic Forum. The parties agreed to assess the prospects for cooperation between the two companies to develop shallow offshore project on Sakhalin island*. The document was signed by Hirotatsu Fujiwara, Executive Managing Officer of Mitsui & Co. Ltd. and Andrey Patrushev, Deputy General Director …

Gazprom Neft and 1C Company are synchronising operations in developing IT solutions for the oil industry, with Gazprom Neft Deputy CEO for Administration Kirill Kravchenko and Boris Nuraliev, President, IC Company, signing a memorandum to that end at this year’s St Petersburg International Economic Forum. The objective of this cooperation is to bring cutting-edge digital products in corporate IT architecture to the Russian market. Gazprom Neft specialists …

Gazprom Neft has signed an agreement on technological cooperation with Spain’s Repsol in the course of St. Petersburg International Economic Forum. The document was signed by Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Luis Cabra, Upstream Executive Managing Director, Repsol. The agreement involves co-operation in research and development of new technologies in oil and gas exploration and …