Gazprom Neft Board of Directors reviews utilisation and more effective usage of associated petroleum gas (APG)

Press-release

The Gazprom Neft Board of Directors has reviewed its strategy on APG utilisation and effectiveness throughout 2014, as well as plans for 2015–18.

Growth in APG production at the company’s E&P assets increased by about 11 percent in 2014, from 6.8 to 7.6 billion cubic metres. Productive usage of APG within Gazprom Neft reached 81 percent in 2014, in line with the industry average. The company’s total investment in APG-utilisation infrastructure totalled RUB6.3 billion in 2014.

Projects in the productive use of APG currently being implemented by Gazprom Neft will allow the company to further improve efficiencies in APG utilisation, with productive utilisation of APG expected to reach 90 percent after 2016. To that end, the company is currently building a new gas processing plant as part of the Southern Priobskoye compressor station (Khanty-Mansiysk Autonomous Region), as well as a new compression station at the Eti-Purovsk field (Yamalo-Nenetsk Autonomous Region), the launch of which is planned for 2016, and which will, in turn, facilitate a range of projects in the Tomsk and Orenburg Oblasts.

In 2015–16 Gazprom Neft will complete the implementation of major infrastructure projects for the utilisation of APG at traditional assets and, in the medium-term, will turn its attention to the use of APG at major new fields — specifically, the Novoportovskoye and Messoyakhskoye, in the north of the Yamalo-Nenetsk Autonomous Okrug, as well as a range of others.