Gazprom Neft: 2021 Net Profit Reaches an All-time High
Gazprom Neft (the “сompany”) has today published its IFRS consolidated financial statements for the 12 months and fourth quarter (Q4) ended 31 December 2021 (FY 2021). Gazprom Neft’s financial performance for FY2021 was at an all-time high, with revenue reaching ₽3.068 trillion in FY2021, up 53.5% y-o-y. Adjusted EBITDA1 (earnings before interest, taxes, depreciation, and amortisation) reached ₽986.1 billion, …
Gazprom Neft Exports 50 millionth ton of Arctic Oil
The total export volume of ARCO and Novy Port crude oil produced by Gazprom Neft in the Russian Arctic has reached 50 million tons since 2013. The consignment, shipped at the end of April from the Umba floating storage facility in the Kola Bay, was delivered to consumers in northwestern Europe. …
Arctic Oil in the Total Production of Gazprom Neft Exceeds 30%
In 2020, Gazprom Neft has maintained the pace of development in the Arctic. Production at fields beyond the Arctic Circle accounted for 31% of the company’s total hydrocarbon volume. The company’s largest Arctic asset is the Novoportovskoye field on the Yamal Peninsula. Here, in 2020, 14.87 million tons of oil equivalent were …
Gazprom Neft: Together with Partners, is Concentrating on Maintaining the Stability of the Oilfield Services Market
Gazprom Neft held an annual meeting with partners that provide oilfield services. The online conference brought together over 150 representatives of the company and contractors. One of the most important topics of the meeting was the preservation of the stability of the oilfield services market in the context of the COVID-19 …
Gazprom Neft’s Net Profit Exceeds RUB400 Billion in 2019
Net profit of RUB400.2 billion for FY2019, a 6.2% increase year-on-year Adjusted EBITDA* maintained at 2018 level, at RUB795.1 billion Net debt-to-EBITDA ratio of 0.7 at year-end Gazprom Neft (the “Company”) today announces its IFRS consolidated financial statements for the 12 months ended 31 December 2019 (FY2019). In 2019, revenue totalled RUB2.485 trillion, maintaining the 2018 level. Adjusted EBITDA remained stable, at RUB795.1 billion — the negative …
Helped by New Technologies, Gazprom Neft Sets a New Record in Drilling Speeds
A new record in well-drilling at Gazprom Neft has been set at the company’s Novoportovskoye field, with a 1,000-metre horizontal shaft being covered in just under three days (2.93 days or 70 hours and 33 minutes). This result was achieved by using an experimental drill bit,* the design of which had been specially fine-tuned by domestic producers for drilling in permafrost, with equipment having been …
Gazprom Neft Increases Arctic Oil Supplies to Europe
Total cumulative exports of ARCO and Novy Port oil, produced by Gazprom Neft at its Prirazlomonoye and Novoportovskoye fields, have now reached 30 million tonnes. The landmark consignment, shipped in mid-June from the road-to-sea transhipment complex at the Port of Murmansk, was delivered to customers in north—west Europe. The company’s total cumulative volume of Arctic-blend oil exports is now comparable to the capacity …
New Achievements of Weatherford at Novy Port
Techinformservice, Weatherford Drilling Services in Russia, reached a new milestone, having drilled an 849 m horizontal hole section at Novoportovskoye field (Yamal Peninsula) operated by Gazprom Neft Novy Port LLC. The section was drilled for 6 days (144 hours) with applying a HyperLine™ motor and HEL Triple Combo (HEL/HAGR/MFR/NDT). Due …