International Projects

International Projects

International scale

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 30-percent interest), Kogas (Korea, 22.5 percent), Petronas (Malaysia, 15 percent), and TPAO (Turkey, 7.5 percent). The Iraqi Government’s interest (represented in the project by the Oil Exploration Company (OEC)) is 25 percent. The project to develop the Badra field is expected to run for 20 years, with the possibility of a further five-year extension.

“Green seismic”

“Green seismic” is based on the use of the RT System 2 wireless radio-telemetric data acquisition system, used by Gazprom Neft for the first time at the Shakal block, Iraq, where using wireless sensors simplified the process of installing equipment in mountainous terrain.

> 6,000 wireless sensors were used during seismic operations at the Shakal block, Iraq

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 40-percent and 80-percent interest, respectively), located in the south of the Kurdistan Region of Iraq.

Gazprom Neft is also involved in the National Oil Consortium (NOC, in which it has a 20-percent interest) established by major Russian oil companies to implement upstream projects in Venezuela. In spring 2010 the NOC and Corporacion Venezolana del Petroleo (CVP), a subsidiary of Venezuela’s State Oil Company Petróleos de Venezuela, S.A. (PDVSA), registered a joint venture, PetroMiranda, for follow-on development of the Junin-6 heavy-crude field in the Orinoco Belt, Venezuela. The NOC’s interest in this joint venture is 40 percent. Predicted recoverable reserves at the Junin 6 field are estimated at 10.96 billion barrels. First oil was produced under this project in autumn 2012.