Gazprom Neft

The acceptance period of Shelton Petroleum AB to Petrogrand AB‘s shareholders expired on 12 March 2014. Only 12.4 % of the shareholders had at this point accepted the Offer. Shelton, who had stipulated in the Offer that at least 50 % of Petrogrand’s shareholders should accept the Offer, has nevertheless …

JSC Gazprom Neft has published its consolidated financial results, in accordance with International Financial Reporting Standards for FY 2013. The company’s financial performance in FY2013 as compared to FY2012 was positively affected by an increase in hydrocarbon production volumes and the resulting rise in product sales via premium channels (small …

Gazprom Neft’s total proved and probable (2P) hydrocarbon reserves (including the Company’s share in joint ventures) as of 31 December 2013 amounted to 2.29 billion tonnes of oil equivalent, according to the SPE-PRMS international standards*, a 7.7% increase on the end of 2012. Category 2P oil reserves reached 1.7 billion …

On 21 February 2014, it was communicated to the market that Petrogrand AB had entered into a collaboration agreement with Gazprom Neft. Neither the contract negotiations with Gazprom Neft, the agreement itself nor the press release have been authorized or decided by the Board of Directors of Petrogrand. The referred …

On the 22nd of February, 2014 Atos, a leading European IT services provider and Worldwide IT Partner for the Olympic Games, Gazprom Neft, one of Russia’s leading oil producers, and SIBUR, Russia’s leading petrochemical Group, have signed a Memorandum of Understanding for a long term strategic partnership in IT services. As part of the strategic partnership Atos will invest in the development of ITSK, an IT …

Gazprom Neft and Schlumberger have signed a supplement to their Framework Agreement on Technology Cooperation*, which was made in 2011. The companies expand cooperation to achieve greater efficiency in development of hard-to-extract shale oil reserves, mainly from Bazhenov deposits in Western Siberia. In the near future, the companies will cooperate …

OAO NOVATEK announced today the completion of a deal by Yamal development (a 50/50 Joint Venture between OAO NOVATEK and OAO GazpromNeft) to acquire a 60% equity stake in Arctic Russia B.V. from the Italian energy company, ENI. Arctic Russia B.V. owns a 49% equity stake in the SeverEnergia Joint Venture. In …

Yamal Development (a 50:50 joint venture between JSC Gazprom Neft and JSC NOVATEK) has acquired a 60 percent holding in Arctic Russia B.V. from Italy’s Eni. Arctic Russia B.V. owns a 49-percent equity interest in SeverEnergia. Following the transaction Gazprom Neft’s stake in SeverEnergia will increase to 40.2 percent. Gazprom …

Gazprom Neft, operator of the Badra oilfield, Iraq, has reported the successful completion of well-testing at its BD4 appraisal well at the end of December, 2013. Potential production capacity was tested through the sequential testing of six drilled strata, followed by final testing of all pay horizons concurrently. A daily natural flow rate of 7,000 barrels of oil was recorded. Testing …

Gazprom Neft and SIBUR have signed an agreement for construction of a new gas processing plant (GPP) with an annual associated petroleum gas (APG) processing capacity of 900 million cubic metres on the basis of existing Yuzhno-Priobskaya compressor station in the Khanty-Mansi Autonomous Area. The GPP is designed to have liquids recovery ratio at least of 95%, in line with global practices. The project will …