Modern techniques in corporate management and in oil field development, improving the efficiency of old oil wells and enhancing the quality of construction of new ones are considered to be the principal reasons for increased oil production.
Gazprom Neft’s progress in the oil refining industry is based on the high level of technology applied at its oil refineries as well as their favourable geographical locations.
A widespread network of retail fuel stations and the favourable location of Omsk and Yaroslavl Oil Refineries have enabled Gazprom Neft’ to become a leading wholesale and retail market operator in Western Siberia and Central Russia.
Additions to the Company’s oil reserves in 2006 through exploration and production drilling amounted to 35.5 million tonnes. The Company plans to maintain the same rate of reserves growth in 2007.
