Northgas

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 …

As at 31 December 2014 Gazprom Neft’s total proved and probable (2P) hydrocarbon reserves (including the Company’s share in joint ventures*) by international SPE-PRMS** standards amounted to 2.55 billion tonnes of oil equivalent. This represents an 11.5% or 263 million tonnes increase over 2013’s figures. Gazprom Neft’s production volumes in …

ERIELL Group has completed works under the Northgas project at the North Urengoy OGCF (Severo-Urengoyskoye OGCF) having successfully drilled six producing directional wells with horizontal section. In total, 25,467 m were drilled. In February 2013, ERIELL was elected general contractor under this contract. The works were performed on a “turnkey” …