Large projects

Lukoil, Gazprom Neft and Tatneft established a joint venture, New Oil Production Technologies, to find and produce hard-to-recover hydrocarbon reserves in the Orenburg region. The joint venture's asset portfolio includes the Savitsky and Zhuravlevsky license areas. The shares of the participants were distributed in the ratio of 1/3. Pilot industrial development of the blocks is planned to start in 2024.