Gazprom Neft’s anti-COVID-19 programme

Read more
  • Main page
  • Newsroom
  • News
  • Gazprom Neft joins forces with Sberbank to launch new joint drilling-equipment leasing project

Gazprom Neft joins forces with Sberbank to launch new joint drilling-equipment leasing project

Gazprom Neft and Sberbank Leasing have entered into a series Cooperation Agreements as part of a joint project on providing drilling services. Pursuant to these agreements, Drillmec Drilling Technologies is to build three drilling rigs, which will be transferred to the current contractor for use at Gazpromneft-Noyabrskneftegaz facilities.

These modern drilling rigs will be constructed and commissioned in 2021, following which they will be transferred to management at Garant Service, a Gazpromneft-Nefteservis — Sberbank Leasing joint venture. This equipment will meet the latest industrial safety standards and advanced-technology criteria, increasing drilling speeds and cutting labour costs. Equipment partners’ key requirements include maximum automation of tripping operations, high-powered drilling pumps, an automated casing and drill-piping system, an automated tooling and equipment operating-time recording system, and the opportunity to utilise predictive analytics in improving efficiency in facility and plant maintenance.

As part of this pilot project contractor KAToil-Drilling will lease these rigs in drilling wells at Gazpromneft-Noyabrskneftegaz’ Vyngayakhinskoye field. Selection of the drilling contractor and equipment manufacturer was undertaken on a competitive basis. This project is being implemented under an agreement signed between Gazprom Neft and Sberbank in May 2018. This is the first time a strategy of this kind in procuring drilling equipment and managing drilling operations has been used in the Russian market.

«Creating an ecosystem integrated with the market means the company can achieve a whole new level in production processes and safety throughout Gazprom Neft assets. This new format, of mutually beneficial partnerships, will facilitate the emergence of new high-tech equipment on the market, as well as increasing contractors’ competencies in using it. We are investing not just financial but also serious organisational input in developing the Russian drilling-services market. I am confident that this project, being undertaken with Sberbank Leasing, will give the market a very necessary mechanism, which will be widely used in the future».
Vadim Yakovlev
Vadim Yakovlev Deputy CEO for Exploration and Production, Gazprom Neft
«Cooperating with Gazprom Neft on such a major project marks the next step in developing leasing in the oil and gas industry. The signing of this agreement should facilitate the retooling process in drilling services, as well as the modernisation and updating of equipment, and we are delighted to be making our own contribution to that process. We are always open to innovation and are ready to bring cutting-edge leasing solutions to the market. We have everything we need for this: resources, technologies, services and, most importantly, a strong, highly professional team».
Vyacheslav Spirov Chairman of the Board and CEO, Sberbank Leasing JSC
Notes for editors

Gazprom Neft is a vertically integrated oil company, primarily engaged in oil and gas exploration and production, refining, and the production and sale of petroleum products. The Gazprom Neft Group of Companies comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad.

Gazprom Neft is one of the world’s top-10 public companies by proven liquid hydrocarbon reserves, and a global leader in its rapidity in reserves replacement. In terms of production and refining volumes it stands among the top three largest companies in Russia. Total production in 2018 reached 92.9 million tonnes of oil equivalent (mtoe), with refining volumes of 42.9 million tonnes.

Gazprom Neft’s products are exported to more than 50 countries worldwide, and sold throughout the entire Russian Federation and abroad. The company’s filling station network totals more than 1,830 outlets throughout Russia, the CIS and Europe.

Net profit at Gazprom Neft reached RUB376.7 billion in 2018, a 49-percent increase on 2017. The company is a market leader in terms of both financial growth and various efficiency metrics, including its internal rate of return (IRR).

The company’s main shareholder is Gazprom PJSC (95.68 percent), with the remaining shares in free circulation.

Sberbank Leasing JSC has been active in the Russian Federation’s leasing services market since 1993. Research by ratings agency Expert PA over the first nine months of 2019 saw the company ranked in first place by new business volumes. It is ranked among the top-20 leasing companies in Europe by Leaseurope (a European members’ association). Sberbank Leasing is, today, a client-oriented and dynamically developing leasing company, with a developed regional network, offering its clients — including large, SME and micro-businesses — optimum solutions, appropriate to specific industries. The company has a presence throughout all of the country’s regions, with registration of leasing transactions possible at any Sberbank branch offering corporate client services. The company’s clients were the first in Russia to be able to use electronic signatures on contracts, and the first to be offered a convenient mobile app.