Meeting dedicated to Gazprom’s oil fields development
Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee, moderated a meeting at the Gazprom Headquarters dedicated to the issues of planning and implementing mid-term activities by Gazprom neft related to Gazprom's licensed reserves development.
Attending the meeting were Vasily Podyuk, Member of the Company's Management Committee, Head of the Gas, Condensate and Oil Production Department, Alexander Dyukov, Chairman of the Gazprom neft's Management Committee, heads and experts of Gazprom's and Gazprom neft's relevant subdivisions.
The member participants reviewed the implementation of Gazprom's Oil Business Strategy and addressed the crucial issues of preparations for the launch of the Novoportovskoye and Tazovskoye fields.
The meeting noted that Gazprom was facing large-scale formidable challenges, of which the most significant were reinforcing the Company's standing in the market and a timely and efficient development of Gazprom's oil fields.
Based on the meeting results Gazprom's and Gazprom Neft's relevant subdivisions were authorized with the appropriate tasks.
Gazprom's Oil Business Strategy was approved by the Board of Directors on September 27, 2006.
Pursuant to the Strategy, Gazprom will achieve the production level of 80 mtpa by 2020.
In order to reach this level, the Company is planning to work in the following areas:
- phased development of all the proven oil fields of Gazprom neft (with due regard of the company's 50 per cent stake in Slavneft);
- commencement of Gazprom's reserves development;
- resource base expansion.
In February 2008 an extended meeting of the Gazprom neft Management Committee considered and approved its Strategic Development Concept through to 2020. The Concept is subject to ratification by the Board of Directors of Gazprom neft.
Under the Concept, Gazprom neft is planning to increase oil production to 90–100 mtpa by 2020 with account of all the subsidiaries, fields owned by Gazprom, resource base expansion, new acquisitions in Russia and abroad.
In order to reach the desired objectives, Gazprom neft has taken a series of efforts and commenced the implementation of projects in various fields.
In particular, elaboration of a detailed action plan was initiated to engage Gazprom neft in developing Gazprom's oil assets, Gazprom neft – Yamal was set up to produce gas from the Novoportovskoye field.