The “Bazhenov formation” refers to a specific geological stratum identified in the centre of Western Siberia, running to depths of
Gazprom Neft began its first investigations into the Bazhenov formation at Vyngayakhinskoye field in the Yamalo-Nenets Autonomous Okrug in late 2015. Fracking operations have been undertaken in the Bazhenov deposits at a new prospecting well and two directionally-drilled wells, with all wells obtaining oil inflows. Appraisal wells were drilled for sampling and well-core analysis, and an extensive range of geophysical information recorded for detailed examination of the drill core and development of a geological model.
2016 saw the completion of the full development cycle at the Krasnoleninskoye field, Khanty-Mansi Autonomous Okrug, with two high-technology horizontal wells drilled for multi-stage fracking, achieving a commercial-inflow of 45 tonnes of oil per day. Total cumulative production at these wells has now reached 10,000 tonnes per month, proving the operational efficiency and technological effectiveness of the essential technology, as adapted for the Bazhenov Formation.
Gazprom Neft is a vertically integrated oil company, primarily involved in oil and gas exploration and production, refining, and the production and sale of oil products. Gazprom Neft’s corporate structure comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad.
The company’s proved and probable reserves (SPE-PRMS) are estimated at 2.78 billion tonnes of oil equivalent (btoe), making Gazprom Neft one of the top-20 largest oil and gas companies in the world, and one of Russia’s top three largest companies in terms of production and refining volumes. Total production in 2017 reached 89.75 million tonnes of oil equivalent (mtoe), with refining volumes of 40.1 million tonnes.
Gazprom Neft products are exported to more than 50 countries worldwide, and sold throughout the Russian Federation and abroad. The company’s filling station network totals more than 1,850 outlets throughout Russia, the CIS and Europe.
Gazprom Neft’s net profit in 2017 was RUB253 billion — a
The company’s main shareholder is Gazprom PJSC, which has a