One of the company’s main strategic goals is to intensify and improve exploration efficiency in order to expand its resource base.
Gazprom Neft and its subsidiaries hold subsoil usage rights to more than 90 license blocks throughout Russia’s oil-producing regions, and abroad.
As at 31 December 2015, Gazprom Neft’s total “proved” and “probable” (2P) hydrocarbon reserves (including shares in all joint ventures except NIS, SPE PRMS international standards), stood at 2.7 billion tonnes of oil equivalent (btoe) — a year-on-year increase of 5.6 percent, or 143 million tonnes. Gazprom Neft’s reserves replacement ratio in 2015 was 279 percent (79.7 million tonnes of oil equivalent (mtoe)).
Gazprom Neft’s proved (1P) hydrocarbon reserves at the end of 2015 were estimated at 1.52 btoe — a year-on-year increase of 5.2 percent. The reserves replacement ratio for this category of reserves was almost two-fold, at 193 percent.
The drilling success rate in 2015 exceeded 90 percent.