Gazprom Neft sets up a business to develop Gazprom oil fields

In November, 2007 JSC Gazprom Neft incorporated a new company - Gazpromneft-Yamal LLC that will be the operator of development of oil fields of JSC Gazprom and its subsidiaries.

Tazovskoye and Novoportovskoye fields are planned to be the first fields for pilot development. The licenses for these fields are held by Yamburggasdobycha LLC and Nadymgasprom LLC.

JSC Gazprom Neft intends to commence pilot operation of Tazovskoye and Novoportovskoye fields in 2009-2010.