Gazprom Neft’s subsidiaries and affiliates hold more than 80 resource licenses in the oil-producing regions of Russia. Internationally, the Company is involved in exploration and production projects in Iraq, Venezuela, Serbia, Angola, Bosnia and Herzegovina, Romania and Hungary.
Proven hydrocarbon reserves to SPE (PRMS) standards amount more than 1.52 billion toe, making Gazprom Neft one of the largest oil companies in the world.
Gazprom Neft aims to increase its oil production to 100 million toe per year by 2020, as set out in the Company’s development strategy. The ratio of reserves to production will be kept at the current level until 2025.