Gazprom Neft’s largest overseas asset is NIS (Naftna Industrija Srbije), a diversified (multifunctional) company. NIS is involved in the exploration and production of hydrocarbon deposits in Serbia, Angola, Bosnia and Herzegovina, Hungary and Romania. NIS’ total production volumes in 2017 stood at 1.39 mtoe.
A further strategic region for development is the Middle East, with one of the company’s key assets here being the Badra field in eastern Iraq. Proved and probable reserves at the Badra field are estimated at 21.27 mtoe.
The contract to develop the Badra field was signed with the Government of Iraq in January 2010. The field is being developed by a consortium comprising Gazprom Neft (operator, with a
Commercial shipments of oil from the Badra field commenced in August 2014 — all necessary production and transportation infrastructure having been installed over the preceding three years. The five millionth tonne of oil was produced at the Badra field in 2017, and a new gas plant and export gas pipeline commissioned, allowing full-scale gas monetisation to come into play.
Another Middle Eastern project being developed by Gazprom Neft is the development and exploration of the Garmian and Shakal blocks (in which the company has a
Gazprom Neft is also involved in the National Oil Consortium (NOC, in which it has a