Search

 
 



1. ADDRESS TO SHAREHOLDERS, INVESTORS & PARTNERS
Path: Company /  ADDRESS TO SHAREHOLDERS, INVESTORS & PARTNERS

... investors! Our Company gave a record-breaking performance on all fronts in 2011, leading the Russian industry by rates of growth of production, refining, and sales through premiu... ... products, and has become the Russian leader by product sales in premium segments (compared with the third position by refining volumes). Foreign business has shown good progress: our Serbian subsidiary, NIS, improved its production and financial performance in 2011 and work continued on projects in Iraq, Venezuela, Cub...


2. Development Strategy
Path: Company / DEVELOPMENT STRATEGY

... large-scale development of the business aims to provide the highest aggregate income for shareholders of any Russian oil company, while maintaining its place in the to... ... player, with a regionally diversified asset portfolio over the entire value chain, seeking active involvement in regional development projects, and maintaining a high degre... ... Business Targets Production 20-year reserve life 50% or more of total production to be located at fields in initial development phases 10% share of production to come fro...


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

... The Company’s reserves-to‑production ratio should remain at this level for at least 20 years. Projects in initial stages of development should represent at least 50... ... Company also plans to expand its asset portfolio by acquisition of as yet unallocated rights to sub-soil areas, held by the Russian Government, as well as by asset purchase... ... in Russia is produced by three subsidiaries: JSC Gazprom Neft-Noyabrskneftegaz, LLC Gazprom Neft— Khantos, and LLC Gazprom Neft-Vostok. The companies are developing fields in Yamal-Nenet...


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

... geographical reach, and increasing market share in premium segments. AIRCRAFT REFUELING Share of the Russian retail market, % Source: Company data download xls Sales of marin... ... refueling complexes. The company plans to establish a chain of 52 refueling complexes (20 of its own, and 32 leased) in Russian and foreign airports. Goal: Raising sales to 5 m... ... (18 cities) in 2010. The company started to offer refueling services in 2011 at the airport which serves the city of Ulyanovsk in the Volga region of Russia. Gazprom Neft Aer...


5. Innovation
Path: EVENTS 2011 / INNOVATION

... operations, including work beyond the Arctic Circle in the Pechora Sea, Kara Sea and Barents Sea; implement projects outside Russia; and gain competence in production of non-conventiona... ... within the Company. The forecast effect of full-scale adoption of the technology in low-yield complex wells and in variable flow stock is RUB 148 mn in  2014-2016. INNOVATIO... ... requirements for fuel quality, to address the implications of levelling of customs duties payable on dark and light petroleum products, to meet demand for new petroleum refinin...


6. Investment Activities
Path: EVENTS 2011 / INVESTMENT ACTIVITIES

... investment plans set out in the Company’s approved Strategy; To implement the most efficient projects, and to create an optimized investment portfolio; To implement collegiat... ... Sale of a series of oil field service assets. Total investments in the purchase of assets, less revenues from sale of the oil field service businesses, were USD 1.0 bn; investment... ... as well as fields in Orenburg Region); Implementing major foreign petroleum production projects in Venezuela, Cuba, Iraq and Equatorial Guinea; Retrofitting oil refinerie...


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

... subsidiaries/associates. Further expansion of IRMS scope: IRMS extended to 20 more business entities (subsidiaries/affiliates, and major projects) and 2 sub-divisions directl... ... Company has no control over the infrastructure of these monopolistic providers, nor can it control the tariff rates payable. Tariff rates are controlled by Russian Governmen... ... sales arranged by the Russian Government; Purchase of other companies that own sub-soil licences or assets related to production of hydrocarbons; Implementation of foreig...


8. Large transactions & related-party transactions
Path: Appendix / Large transactions & related-party transactions

... party to any transactions that could qualify as large transactions under effective Russian law. List of related party transactions in 2011, approved by governing bodie... ... Petroleum Development N.V. – 1,501,654,823.86 rubles(99%); JSC Gazprom Neft – 15,168,240.54 rubles (1%). The contributions shall be refunded to original owners in their entiret... ... Russian rubles; Effect of contract: from signing until December 31, 2013; payments to be made until they have been made in full. The member of the Management Board of JS...


9. Share market & capitalization
Path: Shareholder Information / SHARE MARKET & CAPITALIZATION

... in 2010. American depositary receipts (ADRs) issued on shares of Gazprom Neft represented 0.2% of total foreign ADR trading in the IOB system on the London Stock Exchang... ... strong fundamental drivers for growth of its capitalization in 2012. The Company believes it has the best value-added business among Russian oil companies in terms of refining depth, sales capacity, and new oil production projects in Russia which, with expecte...