Gazprom Neft, a subsidiary of Gazprom, is one of the largest and fastest-growing oil and gas companies in Russia. In accordance with the SPE (PRMS) classification, the Company's proven reserves of hydrocarbons total 1.443 billion TOE, placing Gazprom Neft among the 20 largest global oil producers.
66.25 million TOE
hydrocarbon production by Gazprom Neft Group in 2014
increase in production by Gazprom Neft in 2014
2.55 billion TOE ↑11 %
volume of Gazprom Neft’s proven and probable reserves in 2014
43.48 million tonnes ↑1,99 %
refining throughput in 2014
One of the Company's major focuses in 2014 was the introduction of new technologies to mature fields, resulting in production growth at assets which have been in operation for decades. These results were achieved by increasing the proportion of high-technology wells. Today, the Company holds a leading position in Russia’s oil and gas sector in this area.
Gazprom Neft, a subsidiary of Gazprom, is a vertically integrated oil company whose main activities include the exploration, development, production, and sale of crude oil and gas, as well as the production and sale of a wide range of petroleum products.
The Company is an industry leader in terms of growth in production and average daily sales of petroleum products through filling stations. Gazprom Neft is one of the three largest Russian companies in terms of refining throughput, the fourth largest producer of hydrocarbons, and also occupies a leading position on the innovative bituminous materials market. The Company introduced Arctic oil, produced at the Prirazlomnoye Field in the Pechora Sea, to the world market. Currently, Gazprom Neft is the only oil company in Russia which has been able to increase production volumes at mature fields in Western Siberia.
Ordinary shares in Gazprom Neft are traded on the major Russian trading platforms of the Moscow Exchange Group. As of 31 December 2014, the Company’s market capitalization stood at USD 12.052 billion.
USD 12.052 billion
Gazprom Neft's market capitalization as of 31 December 2014