Gazprom Neft: First Ever Hydraulic Fracturing on Yamal Peninsula Conducted At The Novoport Field
Hydraulic fracturing was successfully conducted for the first time ever on the Yamal Peninsula at Novoport field. The operation was performed in a Jurassic sedimentation area characterized by a high complexity of its geologic structure. Novoport field A total of five hydraulic fracturing operations were performed at four wells, including …
Gazprom Neft Signs a USD 1bn Loan Agreement
Gazprom Neft signed a USD 1 billion term and revolving loan agreement with a group of banks. Funds available under the agreement are provided on an unsecured basis and shall be used for general corporate purposes of the company. The agreement comprises two loan facilities being an amortizing USD 700 …
Gazprom Neft begins well tests at Badra oil field in Iraq
Gazprom Neft, the operator of the Badra oil field in Iraq, has begun testing well Bd4. After completion of the first stage of experimental work, the well began gushing at a flow rate of 2000 barrels of oil per day. A total of seven tests are scheduled at the site, …
Gazprom and Shell Agree to Jointly Develop Arctic Shelf and Produce Shale Oil in Khanty-Mansiysk Autonomous Area
Alexey Miller, Chairman of the Gazprom Management Committee and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell signed in the presence of Russian President Vladimir Putin and Dutch Prime Minister Mark Rutte a Memorandum outlining the principles of cooperation within hydrocarbons exploration and development in Russia’s Arctic shelf and a section of deep-water shelf abroad. In foreground: Alexey …
Gazprom and Shell Agreed to Co-operate in Arctic Offshore and Development of Liquid Rich Shales in West Siberia
Alexey Miller, Chairman of Gazprom Management Board, and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell plc , in the presence of the President of Russia, Vladimir Putin, and Prime Minister of the Netherlands, Mark Rutte signed a Memorandum that sets out the principles of co-operation …
Gazprom Neft: Confirms GSP Jupiter Drilling Rig for Geological Exploration of the Dolginskoye field
Gazpromneft Sakhalin, a subsidiary of Gazprom Neft and the operator of Dolginskoye oil field located on Russia’s Arctic shelf, has contracted the GSP Jupiter, a jack-up drilling rig. Under the contract between Gazpromneft Sakhalin and Grup Servicii Petroliere S.A. (GSP), the Romanian company that owns the rig, the GSP Jupiter …
GSP Offshore to Provide Offshore Drilling and Support Service for Gazprom Neft
Operations are scheduled to start at the beginning of June and will be carried out in Dolginskoye oil field, located in the Pechora Sea, in the south eastern part of the Barents Sea, the continental shelf of the Russian Federation. MODU GSP Jupiter shall perform the drilling, logging, completion and …
Alexander Dyukov Elected Chairman of Slavneft’s Board of Directors
On March 5, 2013, the new membership of Slavneft’s Board of Directors elected Alexander Dyukov, Chairman of the Management Board, General Director, OAO Gazprom Neft to be the new Chairman of the Board of Directors of OAO NGK Slavneft. At this position he replaced German Khan, Executive Director, OJSC TNK-BP …
Gazprom Neft boosts hydrocarbon reserves by nearly 10.5% in 2012
As at 31 December 2012, Gazprom Neft’s total “proven and probable” (2P) reserves (including its interests in joint ventures) under PRMS international standards amounted to 2.14 billion metric tonnes of oil equivalent (15.87 billion barrels), marking a 10.43% increase over 31 December 2011 or 202.5 million metric tonnes of oil …
Gazprom Neft publishes unaudited IFRS financial results for FY2012
Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY2012. Crude oil and petroleum product prices and a rise in production and refining volumes, together with an increase in the share of sales through premium channels, helped boost revenue by 19.5% …