Deputy head of Gazprom Neft: the company’s production is at a historical maximum

Deputy head of Gazprom Neft: the company's production is at a historical maximum

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Gazprom Neft’s production has exceeded pre-pandemic levels and is at a historically high level, Vadim Yakovlev, deputy chairman of the company’s board, said. According to him, Gazprom Neft has no problems with access to technologies, including hydraulic fracturing.

“This is confirmed by the fact that we are at historical highs in terms of production, we have already reached a production level that exceeds the pre-pandemic level,” Mr. Yakovlev said at the Tyumen Industrial and Energy Forum (quoted from TASS).

In 2021, Gazprom Neft’s hydrocarbon production increased by 5.6% year-on-year to 101.43 million tons, which was a record. The main growth was in gas production – 47.82 billion cubic meters. m (an increase of 11%). The company increased oil production by 2.4% to 61.97 million tons.

As stated in the latest report of Gazprom (Gazprom Neft is its subsidiary), from January 1 to September 15 of this year, the company mined 300.8 bcm m of gas. This is 15.9% less than last year.

In May, Gazprom Neft came under EU blocking sanctions. The head of the company, Alexander Dyukov, believes that it will take years for European refineries to replace Russian raw materials. According to him, refineries that receive oil through the Druzhba pipeline will also have to build additional infrastructure and look for more expensive suppliers.

Details – in the material “Kommersant” “Gazprom Neft explored safety margins”.

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