Gazprom Neft

As a result of geological prospecting operations undertaken in 2015, Gazprom Neft has increased estimates of C1 commercial reserves at its East Siberian fields (the Ignyalinsky, Tympuchikansky and Vakunaisky fields, collectively the “Chonsky Project”) by 48 percent. This increase in recoverable C1 oil reserves amounts to 6.9 million tonnes. Recoverable …

Gazprom Neft has undertaken multi-stage fracking in the eastern part of the Orenburg oil and gas condensate field (under development by Gazprom Neft Orenburg) using multi-stage fracking* combined with the use of a special component known as viscoelastic diverting acid — the first company in Russia’s oil and gas industry …

Following full refurbishment and re-equipment, the Gazprom Neft Drilling Support Centre (part of the company’s Joint Scientific and Research Centre and responsible for round-the-clock monitoring of the company’s most high-tech wells) is now operational, with the facility’s official opening attended by Gazprom PJSC Chairman of the Management Committee Alexey Miller. …

Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2015. Increased production, consistent sales of petroleum products and efficient management drove an improvement to adjusted EBITDA*, which increased 18.2% Y-o-Y to RUB 404.81 bln, offsetting pressure from the tax manoeuvre introduced …

Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2015. Increased production, consistent sales of petroleum products and efficient management drove an improvement to adjusted EBITDA*, which increased 18.2% Y-o-Y to RUB 404.81 bln, offsetting pressure from the tax manoeuvre introduced …

As at 31 December 2015 total proved and probable (proved + probable — 2P,* SPE-PRMS international standards**, including those held by joint enterprises*) hydrocarbon reserves at Gazprom Neft totalled 2.7 billion tonnes of oil equivalent (Gtoe) — an increase of 143 million tonnes (5.6 percent) year-on-year. On that basis, new reserves (at 79.7 mtoe) indicate a reserve-replacement ratio of 279 percent. Proved reserves (proved, 1P) at the end …

Gazprom Neft has begun investigating reserves at the Bazhenov formation* at Vyngayakhinskoye field, Yamalo-Nenets Autonomous Okrug (a project currently being implemented by Gazpromneft-Muravlenko). Marking the company’s first foray into the investigation of unconventional reserves (a category that includes the Bazhenov formation) Gazprom Neft has, hitherto, been concentrating on identifying the …

Gazprom Neft has begun investigating reserves at the Bazhenov formation* at Vyngayakhinskoye field, Yamalo-Nenets Autonomous Okrug (a project currently being implemented by Gazpromneft-Muravlenko). Marking the company’s first foray into the investigation of unconventional reserves (a category that includes the Bazhenov formation) Gazprom Neft has, hitherto, been concentrating on identifying the …

Sofia Zorina, Gazprom Neft Andre Ragouline, Vice President, RLG International Inc. Artem Borisov, Project Manager, RLG International Inc. Being technologically advanced is not just about using modern equipment and performing complex operations. It is also about the proper corporate culture which allows the organization to operate with maximum efficiency. Soon …

Gazprom Neft has published its consolidated financial results for 9M 2015, prepared in accordance with International Financial Reporting Standards (IFRS). Rising hydrocarbon production, retail sales and efficient management drove a Y-o-Y increase in adjusted EBITDA* of 9.3% (RUB 312 bln) for 9M 2015. A 0.6% Y-o-Y decline in sales was …