Eurasia Journal News

Gazprom Neft Implements the World’s First Ever Digital Arctic-Logistics Management System

Gazprom Neft has launched the world’s first ever digital Arctic-logistics management system. This innovative project — code-named “Kapitan (Captain)” — has been developed to ensure uninterrupted year-round shipments of all ARCO and Novy Port crude produced, and to improve efficiency in logistics management. The system, developed by specialists at Gazprom Neft, operates under three regimes: long-term and operational …

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Eurasia Journal News

Gazpromneft-Yamal: Completes Russia’s First Quadruple Multilateral Well

Gazprom Neft subsidiary Gazpromneft-Yamal has completed construction of Russia’s first ever multilateral well with four horizontal cased-hole side tracks, at its Novoportovskoye field. A total 6,756 metres was drilled, including 4,411 metres drilled in the target strata. The well was constructed in 39 days at a rate of 5.78 days per 1,000 metres. Drilling horizontally branched wells facilitates a manifold increase in production from disjointed low-permeability strata, …

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Eurasia Journal News

Gazprom Neft: Looks to Improve APG Utilisation Programmes

The Gazprom Neft Board of Directors has reviewed its strategy on APG utilisation programmes and the more effective use of APG in 1H2016, as well as long-term plans for 2016 — 2017. Average usage of APG at the company’s mature assets currently exceeds 93 percent. At Gazpromneft-Noyabrskneftegaz, in particular, APG …

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Eurasia Journal News

Gazprom Neft: 9M Results – Production Up 22%, EBITDA Up 9.3%

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 …

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Eurasia Journal News

Gazprom Neft Completes First Winter Sea Shipments Of Oil From Novoportovskoye

Initiated in February 2015, Gazprom Neft has now completed its first winter shipments of oil from the Novoportovskoye field, becoming the first company in the Russian oil and gas sector to despatch oil from Yamal by sea under winter conditions. Seven tankers, carrying a total 110,000 tonnes of the company’s …

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Eurasia Journal News

Gazprom Neft Novy Port: Makes First Winter Shipment

Gazprom Neft Novy Port has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula. 16 thousand tonnes of crude oil was shipped to European consumers by oil tanker, escorted by an atomic icebreaker. The Novy Port oil will be delivered to …

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Eurasia Journal News

Gazprom Neft: Increases Novoportovskoye Pipeline Capacity

Gazprom Neft has begun construction of the second section of a pressure-pipeline from the Novoportovskoye field to Cape Kammeny (located on the shore of the Gulf of Ob, Yamalo-Nenets Autonomous Region), for onward shipment to customers by sea. Some 530 mm in diameter and running to a length of 105 kilometres, the pipeline will, once complete, have a total capacity of more than 5.5 million tonnes of oil per …

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Eurasia Journal News

Gazprom Neft: Drills 1,500m Horizontal Well at the Novoportovskoye Field

Gazprom Neft has become the first oil operator in Russia to drill a well with a horizontal borehole of 1,500 metres. The well, on the Yamal Peninsula, reaches a total 4,200 metres in length. Some 91 percent of the horizontal section, moreover, is located in the oil-saturated bed of the Novoportovskoye formation, characterised by high permeability strata which yield high flow rates without the application …

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Eurasia Journal News

Gazprom Neft: Reviews Gas Sales and Utilisation of Associated Petroleum Gas

The Board of Directors of Gazprom Neft has reviewed implementation of the programme aimed at improving its associated petroleum gas (APG) utilisation programme. Gazprom Neft is one of Russia’s leading companies in Russia in terms of greater APG utilization, with usage rates increasing by a half over the past four years — and this despite a significant growth in the volumes of APG produced, from …

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Gazprom neft: Second Tanker of Oil From the Novoportovskoye Field Delivered to Europe

The second tanker of oil produced at the Novoportovskoye field at the Yamal peninsula (in the Yamalo-Nenets Autonomous District), was shipped to consumers in September. The batch of 27.2 thousand tonnes was shipped to north west Europe in the last delivery on the 17th September. The new type of oil, …

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