The company has seen consistent year-on-year increases in its resource base, the result of proactive exploration, effective management of its existing fields, and the acquisition of new production assets.
Gazprom Neft and its subsidiaries hold exploration rights to more than 80 licensed blocks.
Gazprom Neft is among Russia’s four most significant oil companies in terms of hydrocarbon production.
Gazprom Neft implements projects not just in traditional oil-producing regions, but is also opening up new frontiers – including in offshore locations, developing one of Russia’s northernmost fields, in the Arctic Circle, and developing fields in Eastern Siberia.
Gazprom Neft is constantly increasing its international project portfolio. International assets are expected to generate at least 10 percent of the company’s total production by 2020.
More than 50 percent of the company’s total production is expected to be generated through the application of new technologies by 2020.