Oil production

In 2014, Gazprom Neft maintained its positions among Russian oil companies as an industry leader in terms of oil and gas production.

Consolidated oil production by the Gazprom Neft Group totalled 52.06 mn tonnes in 2014, up by 2.9% from the production indicator for 2013.

In 2014, the Company consolidated its positions in the Russian seas off the northern coast of the Yamalo-Nenets Autonomous District. In April, a new blend of Arctic Oil was shipped from the Prirazlomnoye field — Russia’s first production project on the Arctic shelf. Drilling and the study of an exploration well were completed at the Dolginskoye field on the shelf of the Pechora Sea. This marks the first time that such significant work was conducted during the short ice-free period in the region and is a record for the industry. Preparations continue for the commercial development of major fields in the northern Yamalo-Nenets Autonomous District — the Messoyakha and Novoportovskoye groups of fields. The first season of sea-based oil shipments from the Novoportovskoye field concluded with more than 100,000 tonnes of new Novy Port blend oil being shipped by four tankers. In January 2015, Gazprom Neft obtained the first flow of shale oil from the South Priobskoye field in the Khanty-Mansi Autonomous District-Yugra.

At the Badra field in Iraq, the Company has begun the commercial shipment of oil and met its primary obligations to the Iraqi Government for the production of at least 15,000 barrels per day over the course of 90 days. A geological study of three projects is under way in Kurdistan.

Oil production, mn t

The Arctic oil blend Novy Port will be transported along a new sea route while maintaining its high qualitative characteristics. Establishing a major production centre in the north of the Yamalo-Nenets Autonomous District remains a strategic objective of Gazprom Neft. One of the projects of the new cluster is Novy Port, which is on par with the fields of the Messoyakha group and the assets of SeverEnergia. We have worked hard and invested substantial funds to make the commercial development of these Arctic reserves a reality. The projects continue to actively evolve — they will account for a substantial portion of Gazprom Neft production in just a few short years.

Vadim yakovlev Deputy chairman of the management board and first CEO

The Company’s oil production activities in Russia are mainly carried out by its operator subsidiaries: OJSC Gazpromneft-Noyabrskneftegaz, LLC Gazpromneft-Khantos, LLC Gazpromneft-Vostok and CJSC Gazprom Neft Orenburg (from October 2011). The main production companies are developing fields in the Yamalo-Nenets Autonomous District and Khanty-Mansi Autonomous District-Yugra, the Omsk, Tomsk, Tyumen, Orenburg and Irkutsk Regions, the Republic of Sakha (Yakutia) and the Nenets Autonomous District (Northwest Federal District).

The foreign subsidiary NIS handles the exploration and production of oil and gas on the territory of Serbia, Angola, Bosnia and Herzegovina and Hungary.

Gazprom Neft is also a party to several production sharing agreements (PSA) and projects involving hydrocarbon exploration and production in Iraq and Venezuela.

In addition to its own production, OJSC Gazprom Neft takes into account its stake in the production of affiliates: OJSC Slavneft OGC (50%), OJSC Tomskneft VNK (50%), Salym Petroleum Development (50%) and LLC SeverEnergia (40.2% prior to 30 March 2014, but the stake increased to 45.1% as of 31 March 2014).

Internal oil production of Gazprom Neft in 2014
Field/region of production Operator Share of production at fields Excluding the share in production of proportionately consolidated companies and joint ventures.as % of own oil production, % Production volume, mn t Production growth potential
YNAD and KMAD Main production fields: Sugmutskoye, Sutorminskoye, Vyngapurovskoye, Yety-Purovskoye and Vyngayakhinskoye OJSC Gazpromneft-Noyabrskneftegaz and its subsidiary LLC Zapolyarneft 43.2 15.01 -
KMAD-Yugra Fields: Priobskoye, Aimneye, Orekhovskoye, Yuzhnoye and the Polyanovskaya area of the Krasnoleninskoye field LLC Gazpromneft-Khantos 40.7 14.17 -
Omsk and Tomsk Regions Fields: Krapivinskoye, Archhinskoye, Shinginskoye, Luginetskoye and Urmanskoye LLC Gazpromneft-Vostok 4.9 1.70 -
Orenburg Region Fields Eastern section of the Orenburg oil and gas condensate field, Tsarichanskoye, Kapitonovskoye and Baleykinskoye fields CJSC Gazprom Neft Orenburg, CJSC Advanced Technologies Centre, OJSC Yuzhuralneftegaz, LLC Zhivoy Istok 6.7 2.34 5.5 mn t by 2019
Serbia, Angola, Bosnia and Herzegovina and Hungary NIS a.d. Novi Sad 3.5 1.21 -
Novoportovskoye LLC GPN-Novy Port 0.4 0.15 -
Tympuchikanskoye and Ignyalinskoye LLC GPN-Angara 0.01 0.004 -
Prirazlomnoye LLC GPN-Shelf 0.6 0.20 -
Total production volume, mn t 34.78 -

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