Gazprom Neft Is Expanding Its Production Center In Eastern Siberia
Gazprom Neft has begun developing the Chonsky cluster, the largest undeveloped group of areas in Eastern Siberia with geological reserves of over 1.7 billion tons of oil and 500 billion cubic meters of gas. The implementation of the project will ensure long-term supplies of hydrocarbons to the markets of the …
Orenburg Gas Producers Are Creating A Digital Test Site
The Gazprom Dobycha Orenburg company is creating a digital testing ground for testing automated control systems, information technologies and testing innovative solutions related to production processes. The new project is one of the enterprise’s initiatives within the framework of the digital transformation strategy of PJSC Gazprom. “The main functional areas …
Gazprom Has Launched A Tender For The Sale Of Assets In The North Sea
Gazprom International Limited (a subsidiary of Gazprom) has launched a tender for the sale of assets in the North Sea, including a 50% stake in a joint venture with the German Wintershall Dea, according to the company’s materials on the ETP Gazprombank electronic platform. MKOO Gazprom International Limited has begun …
Gazprom Continuing Extensive Geological Exploration Activities For Reliable Long-Term Power Supplies To Consumers
– The reserve replacement ratio exceeding 1 for 19 consecutive years. – The biggest growth of reserves came from the Yamal gas production center. The Gazprom Board of Directors took note of the information about the ongoing work on resource base support, geological surveys of subsoil and geological exploration operations performed by the Company. It was highlighted that Gazprom conducts large-scale …
The Increase In Gazprom Reserves Exceeded Production For The Nineteenth Year In A Row
The increase in Gazprom’s reserves in 2023 again exceeded production volumes; the reserve replacement rate has been above one for the 19th year in a row, the company notes. Exact figures on the increase in reserves, as well as on production indicators, are not given in the message. The largest …
Russia Noted An Increase in Oil and Condensate Reserves in The Arctic Zone
No new hydrocarbon deposits were discovered in the Arctic zone in 2023, but the increase in recoverable reserves at existing fields in this region amounted to 13.4 million tons of oil and condensate and 60.6 billion cubic meters of gas, the head of the State Reserves Commission (SRC) Igor Shpurov …
The Kremlin Did Not See the Seizure of Assets in The Decision on The Shares of Wintershall and OMV
The day before, President Vladimir Putin signed decrees depriving Wintershall and OMV of shares in two joint ventures with Gazprom. “There was and is no process of seizure,” says press secretary of the head of state Dmitry Peskov. The decrees of President Vladimir Putin, depriving Wintershall and OMV of shares …
Gazprom Expects Increased Investment in Hydrocarbon Production in the World
Gazprom predicts an increase in the volume of investments in the exploration and production of hydrocarbons in the world by the end of the year, and for the first time since 2019 it will exceed $500 billion, said the deputy head of the department – the head of the company’s …
Vladimir Putin Ordered to Deprive Wintershall and OMV of a Stake in Russian Assets
Putin signed decrees depriving Wintershall and OMV of their shares in two joint ventures with Gazprom. Putin ordered the creation of an LLC to manage the Yuzhno-Russkoye and sections of the Achimov deposits of the Urengoy oil and gas condensate field; SOGAZ and Gas Technologies are offered to acquire shares …
Gazprom Board of Directors Approves Investment Program and Budget For 2024
The Gazprom Board of Directors took note of the information about the Company’s preliminary operating results for 2023 and the projected investment program and budget (financial plan) for 2025–2026. The Board of Directors approved the investment program and budget (financial plan) of Gazprom for 2024. The figures of the investment program did not change compared to the version endorsed …