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One Hundred Bcm of Gas Produced at Yuzhno-Russkoye

Source: www.gulfoilandgas.com 5/17/2012, Location: Asia

Hundred billion cubic meters of gas are a measure of stability and effective performance of OJSC Severneftegazprom. The achieved result became possible through the use of new gas production technologies, professional team work, support of the shareholders and partners. Our goal is to preserve and to enhance the experience, - said the General Director of OJSC Severneftegazprom Stanislav Tsygankov.

OJSC Severneftegazprom is a gas producing company of Gazprom Group. The Company holds the hydrocarbons exploration, development and production license for the Yuzhno-Russkoye oil and gas field located in the Krasnoselkupsky District of the Yamal-Nenets Autonomous Okrug of Tyumen region. ABC1+C2 natural gas reserves of the field exceed 1 trillion cubic meters.

In October 2007 the field was put into commercial production.

In August 2009 the Yuzhno-Russkoye field reached its annual design capacity of 25 billion cubic meters one year ahead of schedule.

In 2012 it is planned to produce more than 26 billion cubic meters of gas.

OJSC Severneftegazprom has the following shareholding structure: Gazprom holds 50 per cent plus six ordinary registered shares, BASF SE holds 25 per cent less three ordinary registered shares plus three preference non-voting shares, E.ON AG holds 25 per cent less three ordinary registered shares plus three preference non-voting shares.

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