Gazprom Neft takes the lead in Russian hard-to-recover oil
More-challenging reserves are expected to account for an increasing share of the country’s production over the coming decades
Russian producers are under pressure to offset decline at many of the country’s largest Soviet-era fields. Gazprom Neft, Russia’s fourth-biggest oil producer, is alive to the dual solutions to the challenge. Operators have sought to resolve the problem by advancing new projects in frontier Arctic regions, but the remoteness of these fields and a lack of infrastructure drive up development costs considerably. They have also looked at existing fields in areas where much of the necessary infrastructure is already in place, but exploiting more challenging reservoirs. Look north Gazprom Neft operates several fields in Russia’s far north that are expected to drive its growth over the next decade.
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
