Gazprom Neft plans to increase oil production 6%-7% each year
MOSCOW. Nov 3 (Interfax) - Gazprom Neft plans to increase oil production 6%-7% a year, Deputy CEO for Exploration and Production Boris Zilbermints is quoted in the in-house journal Sibirskaya Neft as saying.
The Yamal and Gydansky peninsulas, alongside existing assets, are the company's zones of interest. The territory is subject to extreme cold and difficult geological conditions that necessitate effective technological solutions, Zilbermints said.
The company must also deal with problem of developing nearly depleted fields, which make the goal of boosting yields a priority.
It was reported earlier that Gazprom Neft expects annual production to reach 100 million tonnes by 2020.