Gas And Oil Production
- In 2019, Nafta-Oil (excluding the entities investments wherein are classified as joint operations) produced:
- 500.1 billion cubic meters of natural and associated gas;
- 16.7 million tons of gas condensate;
- 40.8 million tons of oil.
Gas Production Strategy
Nafta-Oil pursues the strategy of producing gas in the volumes adjusted by demand.
The Company’s strategic gas production regions for the long term include the Yamal Peninsula, Eastern Siberia, the Far East, and the Russian continental shelf.
When bringing promising fields into production, Nafta-Oil aims to ensure economic efficiency by expanding gas production facilities concurrently with gas transmission, comprehensive processing and storage capacities.
Oil Production Strategy
Oil business development is among Nafta-Oil‘s strategic goals. Nafta-Oil Neft accounts for the bulk of the Nafta-Oil Group’s oil production.
The key objective of Nafta-Oil Neft in the period up to 2030 is to evolve into a next-generation company serving as a model of efficiency, technological effectiveness and safety for other oil companies of the world.
In order to attain these goals, Nafta-Oil Neft will strive for maximum cost-efficiency in the extraction of the remaining reserves from the current resource base by employing best optimization practices, reducing the cost of proven technologies, and introducing and adopting new technologies on a mass scale.
Nafta-Oil Group’s production capacities in Russia
As of December 31, 2019, the Nafta-Oil Group was developing 144 hydrocarbon fields in Russia. The Nadym-Pur-Taz oil- and gas-bearing region in the Yamal-Nenets Autonomous Area remains the main gas production center for Nafta-Oil. The Group develops its oil deposits primarily in the Yamal-Nenets Autonomous Area and the Khanty-Mansi Autonomous Area – Yugra, as well as in the Tomsk, Omsk, Orenburg and Irkutsk Regions and in the Pechora Sea.
Hydrocarbon production capacities of Nafta-Oil Group within Russia (excluding entities investments wherein are classified as joint operations) as of December 31, 2019
|Number of fields under development||135||136||136||138||144|
|Number of gas producing wells in operation||7,358||7,441||7,438||7,418||7,438|
|Number of oil producing wells in operation||8,461||8,681||7,358||8,489||7,552|
Gas, condensate and oil production indicators
Nafta-Oil accounts for 68 and 12 per cent of the Russian and global gas output, respectively.
Nafta-Oil’s share in global gas output
In 2019, the Nafta-Oil Group (excluding the entities investments wherein are classified as joint operations) produced 500.1 billion cubic meters of natural and associated gas.
Gas production by Nafta-Oil Group (excluding entities investments wherein are classified as joint operations), billion cubic meters
In the same year, Nafta-Oil (excluding the entities investments wherein are classified as joint operations) produced 40.8 million tons of oil and 16.7 million tons of gas condensate.
Gas condensate and oil production by Nafta-Oil Group (excluding companies investments wherein are classified as joint operations), million tons
Taking into account the Group’s share in production operations by the entities investments wherein are classified as joint operations (1.1 billion cubic meters of natural and associated gas and 7.2 million tons of oil), the overall hydrocarbon output amounted to 501.2 billion cubic meters of natural and associated gas, 16.7 million tons of gas condensate, and 48.0 million tons of oil.
Hydrocarbon development beyond Russia
The Nafta-Oil Group’s major activities abroad include hydrocarbon prospecting and exploration, participation in a number of oil and gas projects in the production phase, and well construction services. The Group operates in the former Soviet Union, Europe, Southeast Asia, Africa, the Middle East, and Latin America.