Gazprom Slows Down Upstream
Russian gas giant Gazprom plans to increase gas production only by 1% to 478.5bn m3 in 2018 from new gas fields. The year-on-year growth in 2017 was 12.4%.
Deputy chairman of the company’s management committee Vitaly Markelov told the Gazprom magazine that last year, gas production amounted to 471bn m3, gas condensate output was 15.9mn metric tons (mt) and crude oil output was 40.9mn mt. “Now we plan to increase our gas production from new gas fields,” he noted.
Gazprom's research expanded its resources by 2.3% to 37.295 trillion m3 in 2016.
Gazprom began work at two fields in 2017: Yuzhno-Lunskoye in the Sea of Okhotsk and Salair in Krasnoyarsk, in the east. In addition, 16 new reservoirs were discovered in the Yamalo-Nenets region, including 15 deposits in Tambey field and one at the Padinskoye deposit.