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Hydrocarbon Production Hydrocarbon production The company retained its market leadership as one of Russia’s top-three hydrocarbon producers in 2020, with total production flat on prior year at 96.06 mtoe (96.1 mtoe in 2019). To comply with the OPEC+ production cut in force since April 2020, our oil and condensate production was 60.52 mt, 7.5% below the 2020 target. Hydrocarbon production, mtoe1 Enterprise 2016 2017 2018 2019 2020 Subsidiaries and Gazprom Neft’s interest in joint operations2 59.90 63.28 65.36 67.58 68.02 Oil and Gas Company Slavneft (JV)3 7.88 7.52 7.28 7.37 5.08 Arcticgas3 13.47 13.50 14.58 15.22 17.18 Northgas (JV)3 4.59 3.83 3.36 3.12 2.66 Messoyakhaneftegaz (JV)3 0.36 1.62 2.30 2.81 3.11 Eurotek-Yugra (JV)3 – – – – 0.01 INCLUDING GAZPROM NEFT’S INTEREST 86.20 89.75 92.88 96.10 96.06 IN JOINT VENTURES, TOTAL Average daily production 235.52 245.89 254.47 263.29 262.46 by the Gazprom Neft Group, ktoepd Source: company data 2020 milestones Gazprom Neft started to develop the Bovanenkovskoye, Kharasaveyskoye and Urengoyskoye fields under long-term risk-operatorship agreements. The company proceeded to the full-scale development of the Zima project in the Khanty-Mansi Autonomous Okrug–Yugra. Gas production across the Group was up 5.5% to 43.08 bcm. The new fields operated by Gazpromneft-Zapolyarye (Zapadno-Tarkosalinskoye and Pestsovoye fields), Meretoyakhaneftegaz (Tazovskoye field) posted the highest production increases in 2020 and Gazpromneft-Khantos (Alexander Zhagrin field). 1 — Including gas condensate. 2 — Consolidated companies. 3 — The company’s share in production. 70 Annual Report 2020 Company Asset of the Future profile The Asset of the Future Programme seeks to deliver an integrated transformation of the business model for the Gazprom Neft Upstream Division by optimising business processes, enabling digital transformation, as well as developing cross- functional capabilities and new ways of working for our employees. Strategic To ensure cross-functional and integrated changes, the Programme uses our product-based approach, adapted for the oil report business. As a combination of new processes, capabilities and technologies, the product not only forms a cross-functional business-management tool that focuses the attention of management, but it also enables the company to bring about a multi-faced change-and-run transformation. Programme highlights in 2020 Performance In 2020, the company integrated all processes into six dedicated business products across the entire value chain: review from finding new development opportunities to exporting products at custody transfer points. Rolling out a cross- functional business model for each business product prompted operations teams at subsidiaries to progressively develop new capabilities and refine “one team one business goal” teamwork. Product teams launched more than 25 pilots to address the key business challenges facing the company’s upstream enterprises. A rapidly-built management system kept a normal operating rhythm even in a remote-working environment, and covered over 700 employees from dozens of the company’s divisions. Product-based interaction and decision-making Technological development have become routine processes at both the Gazprom Neft Corporate Centre and subsidiaries. As early as 2019, the pilot asset delivered ₽1.2 billion in business impact; but in 2020, the programme-associated benefits topped ₽3.6 billion, driving positive cash flow and proving the potential to deliver a ₽100 billion impact up to 2030. A new single operating model, deploying end-to-end processes across all management levels, and rapidly rolling Governance out solutions and best practices throughout product teams, – from new ways of working to innovative Industry 4.0 system technologies – makes sure this transformation is sweeping and effective. The Production Directorate is completely switching to the new product-based model in 2021. The programme will pursue the following key objectives: – implement a product-based approach across the entire value chain, and deploy the operating model 2.0 at the asset level in 10 subsidiaries; – interface products with the Integrated Operations Centre and scale these interfaces according to potential; Sustainable – implement a single digital landscape across all business products and management levels: from asset development to the Gazprom Neft Corporate Centre; – introduce uniform company-wide principles and interaction requirements for all Ecosystem participants. Appendices 10 27 200+ 130 subsidiaries assets business technologies processes and digital solutions 71 Srednevaysky block Zapadno-Zimny block Severo-Vaysky block 5,000+ SQ KM TOTAL AREA OF THE BLOCKS Alexander Zhagrin 840+ MT eld Karabashsky-84 GEOLOGICAL RESERVES OF THE CLUSTER Yuzhno-Zimny block A NEW MAJOR 111 mt 2,300 m – 2,600 m 70% PRODUCTION CLUSTER of initially depth of productive of high-tech recoverable formations horizontal wells reserves This new cluster will form one of the key areas of growth to support our production in Western Siberia. Thanks to cutting-edge explora- tion technologies, the Alexander Zhagrin eld was brought into development in just two years, which is signicantly faster than the 6.5 mtpa 54 production wells industry average. peak production (920 wells by 2028) (by 2024) Project timeline 2017 2018 2019 2020 2024 2029 Discovery Acquisition Commercial Acquisition Peak production Completion of the Alexander of the Severo- production startup of the Karabash- at the Alexander of exploration Zhagrin eld Vaysky and at the Alexander sky-84 block Zhagrin eld campaigns across Srednevaysky Zhagrin eld all blocks blocks Srednevaysky block Zapadno-Zimny block Severo-Vaysky block 5,000+ SQ KM TOTAL AREA OF THE BLOCKS Alexander Zhagrin 840+ MT eld Karabashsky-84 GEOLOGICAL RESERVES OF THE CLUSTER Yuzhno-Zimny block A NEW MAJOR 111 mt 2,300 m – 2,600 m 70% PRODUCTION CLUSTER of initially depth of productive of high-tech recoverable formations horizontal wells reserves This new cluster will form one of the key areas of growth to support our production in Western Siberia. Thanks to cutting-edge explora- tion technologies, the Alexander Zhagrin eld was brought into development in just two years, which is signicantly faster than the 6.5 mtpa 54 production wells industry average. peak production (920 wells by 2028) (by 2024) Project timeline 2017 2018 2019 2020 2024 2029 Discovery Acquisition Commercial Acquisition Peak production Completion of the Alexander of the Severo- production startup of the Karabash- at the Alexander of exploration Zhagrin eld Vaysky and at the Alexander sky-84 block Zhagrin eld campaigns across Srednevaysky Zhagrin eld all blocks blocks Fields with the highest production increase during 2020, thousand tonnes Liquids production Field 2019 2020 +/– % Alexander Zhagrin 465.1 1,221.7 756.6 163 Pestsovoye 109.7 629.4 519.7 474 Zapadno-Tarkosalinskoye 32.6 434.2 401.6 1,232 Tazovskoye1 163.4 221.7 58.3 36 Oil production Oil and condensate production across In Eastern Siberia, Gazprom Neft The Prirazlomnaya offshore ice- the Group was down 4.4% to 60.52 is developing a new production resistant stationary platform is one mt, with the company ranked the cluster, with an oil deposit at of the company’s key projects and third-largest oil producer in Russia. the Chayandinskoye oil and gas- the only hydrocarbon-production Daily oil production (including condensate field in the Republic project on the Russian Arctic shelf condensate and liquids) stood at of Sakha (Yakutia) set to become one currently on stream. By late 2020, 165,360 tonnes. of its key contributors. This field cumulative production from the is estimated to hold unique in-place Prirazlomnoye field had topped 15 mt In the production segment, the reserves of 263 mt of oil; however, of oil. The company is introducing a company remains focused on it has some subsurface nuances, mix of solutions for extended-reach expanding its existing infrastructure, such as a gas cap and abnormally-low drilling and upgrading the pressure- delivering reserves in the most reservoir pressure and temperature. maintenance system to ensure economical way and improving continuous drilling and production oil recovery by leveraging cutting- Gazprom Neft is developing the operations. edge technologies, unconventional Chayandinskoye oil rim under reserve additions and new-project an operating agreement with Gazprom Neft tasks the Single ramp-ups. Gazprom Dobycha Noyabrsk Centre for Technical Assurance and (a subsidiary of Gazprom), which Integrated Evaluation of Offshore In 2020, the company proceeded is developing the gas portion of Development Options with overseeing to the full-scale development the field. In addition, the company its shelf operations. Exploring new of the Zima project in the Khanty- started commercial oil production solutions for the shelf is part of Mansi Autonomous Okrug–Yugra. at the oil rims of the Pestsovoye, Gazprom Neft’s unified technological Zima’s estimated in-place reserves Yen-Yakhinskoye and Orenburgskoye development programme. exceed 840 mt. This new cluster will fields under a farm-in agreement. form one of the key areas of growth Gazprom Neft extensively uses to support our production in Western Gazprom Neft has been developing new technology, such as unmanned Siberia. This is one of the company’s the Tazovskoye field since 2017. aerial systems (UAS or drones) for most rapidly-evolving projects. This is a special project, with field development. Drones are used Its production reached 1 mt of liquids a challenging geology requiring for a wide range of applications: at the end of 2020. The field sophisticated technology. There are from delivering cargo and assisting is expected to hit a peak of 6.5 mt few examples of similar oil rims, even in petroleum exploration to of oil per year in 2024. globally. The field’s in-place reserves performing inspection runs over exceed 1 btoe. The construction of assets and selecting locations for One of the key pillars of the Gazprom core infrastructure at the Tazovskoye filling stations.
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