One of the company’s main strategic goals is to intensify and improve exploration efficiency in order to expand its resource base.
Gazprom Neft and its subsidiaries hold subsoil usage rights to more than 90 license blocks throughout Russia’s oil-producing regions, and abroad.
As at 31 December 2015, Gazprom Neft’s total “proved” and “probable” (2P) hydrocarbon reserves (including shares in all joint ventures except NIS, SPE PRMS international standards), stood at 2.7 billion tonnes of oil equivalent (btoe) — a year-on-year increase of 5.6 percent, or 143 million tonnes. Gazprom Neft’s reserves replacement ratio in 2015 was 279 percent (79.7 million tonnes of oil equivalent (mtoe)).
The key factor driving the growth of the resource base lies in the application of new technologies in production drilling, together with more effective planning of geological prospecting works. Three new fields and 26 hydrocarbon deposits were discovered throughout the group’s licence blocks in 2016.