Search

 
 



1. Development Strategy
Path: Company / DEVELOPMENT STRATEGY

... an integrated system for development of medium- and long-term business plans. In 2011, Gazprom Neft took a major step towards achievement of the goals set out in in its Development Strategy. Operating performance improved year-onyear in nearly all segments... ... which is 7.8% more than the 2010 quantity. The upgrade program at Gazprom Neft refineries doubled output of Euro-4 and Euro-5 diesel fuel in 2011, and the Company launched production of gasoline in Classes 4 and 5 (Russian equivalents of the Euro categories)...


2. Geological exploration & production of crude oil & gas
Path: EVENTS 2011 / GEOLOGICAL EXPLORATION & PRODUCTION OF CRUDE OIL & GAS

... Neft’s proven PRMS‑SPE hydrocarbon reserves in 2011 was 122 mn TOE, not including newly purchased assets. Growth of Gazprom Neft’s proven hydrocarbon reserves by SPE standards in 2011, based on review of existing reserves and new acquisitions (the... ... Stabilising production levels at current assets; Efficiency of secondary and tertiary production; Optimizing systems for increase of strata pressure to slow down output declines; Ensuring that oil production FCF is at least zero in 2012 for 100% of all...


3. Premium Business Segments
Path: EVENTS 2011 / PREMIUM BUSINESS SEGMENTS

... strengthened its leadership in the Russian bunker fuel market, raising its market share to 18.5%. ‘Direct-to-ship’ sales of fuel rose by 44% compared to 2010, and reached 1.3 mn t. Total annual sales of ship fuel by the Company grew by 1.5 times to 2.2 mn t.... ... a strong distributor network inside and outside Russia; strong growth of specialized sales channels: lubricant retail, car service centres and showrooms, and main sectors of manufacturing industry; direct cooperation with industry sectors and car manufacturers;...


4. Definitions & conversion methodology
Path: MD&A / DEFINITIONS & CONVERSION METHODOLOGY

This report offers a review of Gazprom Neft’s financial position as of December 31, 2011, and should be examined together with the Company’s financial... ... prepared in accordance with the US  Generally Accepted Accounting Principles (US GAAP) This report discloses the financial situation and performance of Gazprom Neft on a consolidated basis. To convert tons of produced crude oil to barrels, the report uses...


5. Human resource development
Path: Social Responsibility / HUMAN RESOURCE DEVELOPMENT

... A program for regular personnel assessment has been developed and approved, which complements the current efficiency management system by annual assessment of employee performance using universal criteria of a professional, ethical and managerial nature... ... system based on competitive wage levels, results-driven remuneration, and a social welfare component. The Company maintains level of remuneration which is the market-average for the Russian oil and gas industry, and salaries are reviewed each year. The average...


6. Additional Information
Path: Appendix / Additional Information

Main macroeconomic factors impacting Company performance The Main macroeconomic factors that have an impact on the Company’s performance include: Changing market prices for... ... as forecast by the Russian Ministry for Economic Development, capital financing needs of the owners of transportation infrastructure, other macroeconomic factors, and the breakeven point for justifiable costs incurred by natural monopolies. The FTS reviews...


7. KEY INFORMATION
Path: MD&A

This report offers a review of Gazprom Neft’s financial position as of December 31, 2011, and should be examined together with the Company’s financial... ... Generally Accepted Accounting Principles (US GAAP) Definitions & conversion methodology This report discloses the financial situation and performance of Gazprom Neft on a consolidated basis. To convert tons of produced crude oil to barrels, the report uses...