Gazprom Neft is one of Russia’s top four oil companies in terms of oil production. The company increased oil production by 8.2 percent in 2016, reaching a level of 86.20 million tonnes of oil equivalent (mtoe).
Within Russia, the company’s main production enterprises are developing fields in the Yamalo-Nenets and Khanty-Mansi Autonomous Okrugs; the Omsk, Tomsk, Orenburg and Irkutsk Oblasts; the Sakha Republic (Yakutia); and offshore in the Pechora Sea.
The company’s international subsidiary, NIS, is involved in oil and gas exploration and production (E&P) throughout Serbia, Angola, Bosnia and Herzegovina, Hungary and Romania.
Gazprom Neft is also involved in several production sharing contracts (PSCs) and hydrocarbon E&P projects in Iraq and Venezuela.
In addition to its own output, Gazprom Neft’s total production volume includes a proportion from its affiliated companies: Slavneft (50 percent); Tomskneft VNK (50 percent); Salym Petroleum Development (50 percent); SeverEnergia; Northgas; Messoyakhaneftegaz.
Production growth in 2016 was made possible through project development at the Novoportovskoye and Prirazlomnoye fields, assets at SeverEnergia (Arcticgas), the Vostochno-Messoyakhskoye field going into commercial development, a