Together with SIBUR, Gazprom Neft brings its Yuzhno-Priobskiy gas processing plant (GPP) into production, with an annual production capacity of 900 million cubic metres of associated petroleum gas (APG) per year. The plant has a component-recovery factor of more than 95 percent, matching current international standards.
The first oil produced on the Russian Arctic Shelf reaches the international market. Produced by Gazprom Neft at its Prirazlomnoye field, all technical field operations (including drilling, production, oil storage, and the treatment and shipment of finished products) are conducted from the company’s ice-resistant offshore platform — the Prirazlomnaya rig, with a total 2.2 million barrels (approximately 300,000 tonnes) of new “ARCO” Arctic crude shipped to customers in north—west Europe.
Production drilling commences at the Novoportovskoye field, with nine wells drilled throughout 2014. The first summer oil shipments from the field take place in late August, with crude despatched to European customers by sea tanker. A total four tankers, carrying more than 100,000 tonnes of new “Novy Port” oil, are despatched during the 2014 ice-free shipping season.
Commercial oil operations begin at the Badra field, Iraq — Gazprom Neft’s first greenfield production project abroad — with test drilling having been completed in early 2015 and drilling operations commencing that summer. Commercial oil shipments begin in September.
Gazprom Neft makes two major steps forward in the development of its bitumens business, acquiring the Ryazan Petrochemical Experimental Plant in early 2015 (the largest polymer-modified bitumens facility in Russia), and completing construction (together with TOTAL) of a production facility for innovative G-Way Styrelf bitumens in late September. The rapid growth of the bitumens business necessitates the establishment of a dedicated company — Gazprom Neft Bitumen Materials — to manage it.
The construction of a blending, dispensing and packaging facility — the largest such facility in Russia — at the company’s lubricants plant at its Omsk Refinery moves into its second phase.
Gazprom Neft becomes the first company in Russia to carry out seismic surveying using cutting-edge “green seismic” technology, protecting extensive areas from deforestation. The “green seismic” initiative is based around the use of the RT System 2 cable-free seismic acquisition system.
The Gazprom Neft Board of Directors approves the adoption of the Company’s Development Strategy, now extended to 2025. This document builds on the company’s strategy to 2020, and outlines plans for achieving specific objectives in key business areas (hydrocarbon production, refining and sales of petroleum products) in line with changing industry and global economic conditions and with a view to continuing to actively increase shareholder value to 2025. Strategy for the development of the company’s marine bunkering, aviation refuelling and lubricants businesses are also updated to 2025.
Gazprom Neft, operator of the Prirazlomnoye field, located in the Pechora Sea, produces the first ever oil from the Arctic Shelf, in December 2013.
The commissioning of catalytic cracking hydrotreating and light naphtha isomerization facilities at Gazprom Neft’s Moscow Refinery allows the plant to transfer to the exclusive production of Euro-5 gasolines — completing the transition of all of the company’s refineries to Euro-5 fuels, well ahead of regulatory deadlines in the Russian Federation.
Gazprom Neft establishes itself as one of Russia’s market-leading companies in terms of production growth, refining and a range of key performance indicators. The company begins pilot oil production at two major new fields in the north of the Yamalo-Nenets Autonomous Okrug — the Vostochno-Messoyakhskoye and Novoportovskoye fields. The first phase of commercial production begins at the Samburgskoye field (belonging to Russian—Italian company SeverEnergia, in which Gazprom Neft holds a
More effective development of its existing fields, as well as the acquisition of new assets, sees Gazprom Neft significantly increase production. The company acquires a further
The Moscow Refinery transfers to the production of Euro-4 gasolines, while the Omsk Refinery begins producing Euro-4 and Euro-5 gasolines, as well as Euro-5 diesel fuels. Gazprom Neft begins the development of its retail network in Europe (Serbia and Romania) under the Gazprom brand.
Gazprom Neft actively expands its presence in the global oil and gas market, signing a contract to develop the Badra field in Iraq, having previously been appointed to lead the Junin-6 project in Venezuela in 2010. The company also continues to enter new fuel markets outside of Russia, with the acquisition of a retail network of twenty filling stations and nine plots of land in Kazakhstan, and increases its presence in the Russian market, becoming a participant in a project to develop promising fields in the north of the Yamalo-Nenets Autonomous Okrug, under licenses belonging to SeverEnergia. February sees the company complete its acquisition of STS-Service, a subsidiary of Sweden’s Malka Oil, developing fields in the Tomsk region.
The company continues the expansion of its resource base and oil refining capacity through the acquisition of new assets, including Neftyanaya Industriya Serbia (NIS) and a controlling share in Sibir Energy, as well as increasing its interest in the Moscow Refinery and gaining a foothold in the development of the Salym fields. The company completes its acquisition of the Chevron Italia S.p.A. lubricants plant in Bari, Italy from Chevron Global Energy in April 2009. The launch of a full rebranding programme for the Gazprom Neft filling station network marks a major milestone in the company’s growth.
Gazprom Neft, Rosneft, LUKoil, TNK-BP and Surgutneftegaz sign a Memorandum of Understanding to begin cooperation and joint participation in projects in Venezuela and Cuba as part of the National Oil Consortium.
With the aim of further expanding its resource base, Gazprom Neft acquires a
Subsidiaries are created within the Company for separate business divisions, including. Separate business divisions — covering specific areas of activity — are created within the company. These include Gazpromneft Marine Bunker, Gazpromneft Lubricants and Gazpromneft Aero.
Gazprom Neft enters the Central Asian retail market with a dedicated subsidiary, Gazprom Neft Asia, selling petroleum products throughout Kyrgyzstan, Tajikistan, and Kazakhstan.
The Gazprom Group of Companies acquires a controlling interest (75.68 percent) in Sibneft. The company is renamed JSC Gazprom Neft on 13 May 2006. Gazprom Neft makes public its strategy to become a global player, with regionally diversified asset portfolio, covering the entire value chain.
A pro-active policy on asset enhancement sees a significant expansion in the geographic range of the company’s production assets (in the Tomsk and Omsk Oblasts), as well as in the expansion of its retail network, throughout Russia’s regions (the Sverdlovsk and Tyumen Oblasts, the Krasnodarsky Krai, St Petersburg and Moscow). The company’s most important acquisitions during this period include the acquisition of a
The Company expands rapidly, supported by its sound resource base, efficient refineries and professional management. Sibneft’s management works hard modernising production, introducing advanced technology, and optimising business processes. A good resource base, effective refining capacity, and highly professional management drive rapid company development, with Sibneft management, in particular, having done considerable work in modernising production, introducing cutting-edge technologies, and optimising business processes.
In a move towards creating a market economy the Government of the Russian Federation implements its plans for the privatisation of Sibneft. Privatisation auctions allow private investors to acquire 49 percent of the share capital in Sibneft. The Finansovaya Neftyana Kompaniya (FNK, the Financial Oil Company) wins the auction for the state holding in Sibneft under the government’s “Loans for Shares” programme of 1997.
OAO Siberian Oil Company (Sibneft) is created by Presidential Decree, with the government as the founding shareholder, transferring state-owned holdings in the country’s most significant oil companies — OAO Noyabrskneftegaz, OAO Noyabrsknefegaz-geophysica, OAO Omsky Neftepererabativayushiy Zavod and OAO Omsknefteprodukt — as charter capital.