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Gazprom Neft becomes the first company in Russia to win the prestigious international IPTC award

A project to develop Gazprom Neft’s Arctic asset — the Novoportovskoye field — has won the Excellence in Project Integration award,1 awarded every year at the International Petroleum Technology Conference (IPTC).2 The award is made for a project involving investment in excess of $500 million, and demonstrating industry-level excellence throughout the entire value chain: in project management, geology, drilling, engineering, construction, HSE and regional development. Gazprom Neft is the first Russian company to receive this prestigious award. A major event for the global oil and gas industry, the conference is organised with a view to promoting new knowledge and achievements in industry research and development. The event has already been running for the last 15 years, with forum participants gathering in Dhahran (Kingdom of Saudi Arabia) in 2020.

The Novy Port project was among the three finalists for the IPTC award, together with Total’s 1,950-km ultra-deep-water Kaombo project on the Angolan continental shelf, and PETRONAS’ SATU project, one of the world’s first floating LNG plants. International experts assessed 17 projects in total, from nine countries worldwide. Gazprom Neft’s Arctic asset received high rankings from the professional community for the company’s unique achievements in managing and overseeing an integrated oil and gas project.

«The development of the Novoportovskoye field is a unique project, thanks to which Yamal oil has, for the first time, been shipped to Europe via the Northern Sea Route, all year round. This has made possible the formation of a major oil and gas cluster beyond the Russian Arctic Circle. We are today successfully developing complex multicomponent oil and gas reserves under permafrost conditions, are using cutting-edge technologies and, supported by the digital asset models we have developed, are working out and applying the most effective solutions possible. This high recognition, from the global industry community, proves that our company remains at the forefront of technological development and is ready to master the most complex projects, including in the Arctic».
Vadim Yakovlev
Vadim Yakovlev Deputy CEO for Exploration and Production, Gazprom Neft
«The Arctic is, even in today’s world, a region for discoveries and pioneers; and implementing projects in the Russian Far North demands being constantly prepared to address challenges, and find non-standard solutions. Novy Port is a complex and interesting project, on which we have been able to deploy unique technologies, under treacherous climatic conditions, putting in place project teams whose experience can then be rolled out throughout the company and beyond. Which might be why our project has come to the forefront and won first place in this prestigious international competition».
Alexey Ovechkin
Alexey Ovechkin CEO, Gazpromneft-Yamal
Notes for editors

1The Novoportovskoye field is one of the most significant oil and gas-condensate fields currently under development in the Yamal Peninsula. It is located within the Arctic Circle, some distance from pipeline transportation infrastructure. Recoverable B1+B2 reserves stand at more than 250 million tonnes of oil and condensate, together with more than 320 billion cubic metres of gas (including Paleozoic reserves). Novoportovskoye oil is classified as light, with a low sulphur content (of about 0.1 percent).

2The International Petroleum Technology Conference (IPTC) is organised every year by the American Association of Petroleum Geologists (AAPG), the European Association of Geologists and Engineers (EAGE), the Society of Exploration Geophysicists (SEG) and the Society of Petroleum Engineers (SPE). The International Petroleum Technology Conference (IPTC) addresses key oil and gas industry issues.