Business growth

Gazprom Neft has started full-scale development of the northern part of the Novoportovskoye field in the Arctic. Implementation of this project should bring the company's Arctic assets to the production shelf of 8 mn t of oil by 2021. The recoverable reserves in the northern part exceed 27.8 million tons of oil and 28.5 million cubic meters of gas. The company's investments in the development of the new area will amount to ₽86 billion.