Gazprom Neft: Launches Long Life Equipment for Injection Wells
The Gazprom Neft Scientific and Technical Center together with specialists from Gazpromneft-Khantos and Russian companies have developed a set of engineering solutions to create long-life injection wells. According to preliminary calculations, the service life of new equipment without repair is up to 15 years, which is 4 times higher than traditional indicators. The increase in …
Gazprom Neft: Q1 Financials – EBITDA Up but Profit Down Due to Foreign Exchange Losses
A stronger financial performance in 1Q 2014 compared with 1Q 2013 was driven by increased hydrocarbon production volumes and a rise in product sales via premium channels. These factors led to a 9.6% Y-o-Y increase in adjusted EBITDA* (84.03 RUB bln). Net profit attributable to Gazprom Neft’s shareholders was 37.82 …