On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted Press Conference “Mineral and Raw Material Base Development. Gas Production. Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman of the Management Committee, Gazprom; Members of the Gazprom Management Committee: Oleg Aksyutin, Dmitry Lyugai, Sergey Prozorov and Vsevolod Cherepanov.

It was pointed out at the Press Conference that Gazprom owned an extensive resource base. As of December 31, 2014 Gazprom’s A+B+C1 explored natural gas reserves (Russian classification) amounted to 36.07 trillion cubic meters representing 72 per cent of the Russian or nearly 17 per cent of the global reserves.

The Company consistently and successfully develops its resource base. In particular, in 2014 the gas reserves replenishment level totaled 822.5 billion cubic meters and the gas replenishment to extraction ratio stood at 1.86.

These efforts will be continued in 2015 with a focus on the operations in the Russian continental shelf. It is planned to perform 3D seismic surveys of about ten thousand square kilometers in the Barents and Kara Seas as well as to drill two exploratory wells in the Yuzhno-Kirinskoye field in the Sea of Okhotsk.

Tags: Gazprom