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1. Calendar of Events 2011
Path: Company / CALENDAR OF EVENTS 2011

... Class-4 standards. Gazprom Neft commissions phase 2 of the Yuzhno-Priobskoye gas-turbine power plant in Khanty-Mansiysk Autonomous District. The Company purchases an additional 5.15% of the authorized share capital of Serbia’s NIS, raising its holding to 56.15%... ... brand, G-Drive. Gazprom Neft-Aero launches aircraft refueling services at Manas International Airport (Kyrgyzstan). The Omsk Refinery launches production of polymer-bitumen materials. The Company signs an agreement to reduce interest payments on a USD...


2. Development Strategy
Path: Company / DEVELOPMENT STRATEGY

... Prepare a test production schedule Carry out the geological survey program Field construction plans Our consortium partners executed preparatory work for drilling the first well. The Company also completed all payment orders related to financial obligations... ... analysis and management; application of new equipment and technologies; optimizing expenditure; increasing the rate of associated gas use; better infrastructure management; lobbying for tax benefits; natural gas production at cenomanian deposit. Higher...


3. Oil refining
Path: EVENTS 2011 / OIL REFINING

... deeper refining, and to expand the volume and range of products (high-octane gasoline, diesel fuels, aromatic hydrocarbons, coke, modern bituminous materials and petrochemical products). In 2011, the Omsk Refinery concluded the first stage of retrofitting... ... on the L-24/7 unit for hydrotreatment of diesel fuels facilitated a deparaffinization process so that winter diesel can be produced from summer fuel. Thanks to this technology, the plant can now make more than 32,000 t of additional winter diesel fuel...


4. Innovation
Path: EVENTS 2011 / INNOVATION

... in order to optimise the formation pressure system and extract hard-to-recover oil reserves in depleted field areas. The project will take three years, but is expected to provide benefits for 10 years and produce 62,300 t of additional crude oil. Additional... ... equipment. The activities in 2011 reduced the specific rate of corrosion-caused failures in operating stock from 0.37 to 0.16. Over the year, the permanent database on idle wells was improved, corporate databases underwent comprehensive integration; automatic...


5. Key Risk Factors
Path: MD&A / KEY RISK FACTORS

... of crude oil and petroleum products. The risks that confront the Company are typical for the oil and gas industry, specifically: Risks related to possible change of prices for purchased materials and services; Risks related to possible changes of prices for... ... infrastructure of these monopolistic providers, nor can it control the tariff rates payable. Tariff rates are controlled by Russian Government agencies, but the rates increase from year to year, creating additional costs for the Company. The Company takes various...