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General Director of CJSC Gazprom Neft – Nefteservice Appointed

Yuriy Baidukov, formerly a Vice-President for Production of Schlumberger , has been appointed General Director of CJSC Gazprom Neft – Nefteservice.

The General Director’s scope of responsibilities includes: participation in formulating and advocating of strategies for the development of oil service block of companies, market formation for oil services in the regions of presence of JSC Gazprom Neft, control over operational and financial activities of oil service companies and implementation of a unified management system for oil service companies.

Ensuring sustained and dynamic business operation of oil service companies, increasing investment efficiency and their competitiveness are among the strategic objectives set before the Gazprom Neft – Nefteservice General Director.

At present a development strategy for the oil service block of JSC Gazprom Neft is being formulated that will lay foundation for implementation of organizational and functional management systems and for realization of the performance improving program.

Notes for editors

CJSC Gazprom Neft –Nefteservice was created in September 2007 as a managing company for all oil services assets of JSC Gazprom Neft.

At present, there are 17 oil services companies affiliated with JSC Gazprom Neft all of which are 100% subsidiaries of JSC Sibneft-Noyabrskneftegaz.

The oil services companies render a full range of services to oil and gas producing enterprises of JSC Gazprom Neft.