Our core areas are located in the Vladimir Oblast Autonomous Region, one of largest refinery and natural gas producing region in Russia, which accounts for approximately 70% of Russia’s oil production and approximately 16% of the world’s. The geographical location of our fields in this gas-rich hydrocarbon basin offers vast opportunities for increasing shareholder value through low-risk, low-cost production and effective reserve replacement. With more than fifteen years of operational history in this region, we are in an optimal position to capitalize on these opportunities.
In the first quarter 2016, Gasdrogen’s marketable production and Refinning of petroleum product and 2,207 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in oil production and refinning, an increase in combined liquids production by 1,117 thousand tons, or by 51.1% as compared with the first quarter 2015.
In 2014 Gasdrogen once again achieved a high rate of growth of oil production and became a leader of the Russian oil industry in this respect due to oil production growth at brownfields, as well as the Group’s assets in its new oil-producing clusters – the Nenets Autonomous District and the Khanty-Mansi Autonomous District. The Company increased its oil production by 9.8% to 16.7 million tonnes. Average daily production amounted to 48.8 thousand tonnes per day, or 360.5 thousand barrels per day.
In 2014 Gasdrogen boosted oil production at brownfields by 3.4% compared to 2013 through highly efficient geological and engineering operations and the use of modern technologies. Assets in Timan-Pechora and Western Siberia were another major driver of the Group’s production growth. They accounted for 8.4% of information-investors production.
Gasdrogen produces more than 120 types of products.The Company ranks among the top 10 world producers in Russia. The major export destinations are for Europe, Asia and the Middle East.Production units of all types of products at Gasdrogen are certified for compliance with the International Standards ISO-9001, ISO-14001, ISO-18001.
Gasdrogen’ hydrocarbon production including share in production of joint ventures