Gazprom-AR2014

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Performance Results 63 Major investment projects In 2014, gas production capex was RUB 182.3bn; oil and gas condensate production capex was RUB 173.4bn. Major production capex was made to develop Cenomanian-Aptian layers of the Bovanenkosvoye OGCF, and to implement the Comprehensive Programme for Upgrading and Technical Re-equipment of Gas Production Facilities. Gazprom Group’s capex in exploration and production of oil and gas condensate targeted construction of facilities at the Novoportovskoye and Prirazlomnoye fields, development of the Priobskoye field, Gazprom neft’s fields in the Orenburg Region and in Iraq. Commissioned hydrocarbon production facilities in 2014 — Gas Processing Unit 1 with the capacity of 30 bcm of gas per year at the Bovanenkovskoye OGCF; — 3 BCS with a total capacity of 219 MW at the Bovanenkovskoye OGCF (125 MW), Vyngayakhinskoye gas production site (64 MW), and the Urengoyskoye OGCF (30 MW); — 127 new gas production wells (including 95 wells at the Bovanenkovskoye field) and 828 new oil production wells Production drilling was 125.6 thousand m of gas wells and 2,948.5 thousand m of oil wells. Long-term financial investments in exploration and production of oil and gas condensate were driven by the increased share in OOO SeverEnergia and construction of facilities at the Messoyakhskoye group of fields. OAO Gazprom Annual Report 2014
64 Performance Results Transportation and Underground Storage Transportation and underground storage in Russia In Russia, Gazprom operates a gas transportation system of a unique scale and characteristics, infallibly providing highly reliable supplies. This makes OAO Gazprom an attractive energy partner. Gazprom operates the world’s largest gas transportation system. Its core structures are part of Russia’s Unified Gas Supply System that comprises gas production, transportation, processing and underground storage facilities located in the European part of Russia and Western Siberia. Centralised management, highly ramified structure and redundant transportation routes provide substantial robustness, together with efficient and uninterrupted gas supplies. The Group also owns trunk gas pipelines in the Russian Far East: Sakhalin — Khabarovsk — Vladivostok, Oktyabrsky — Khabarovsk, and Sobolevo — Petropavlosk-Kamchatsky. Stable operation of the gas transportation system is viewed as a high priority by the Company. The reliability of the gas transportation system has an impact on OAO Gazprom’s financial performance and reputation overseas as well as in Russia. At the 2014 year-end, the length of the GTS was 170.7 thousand km. The GTS comprises 250 compressor stations including 3,825 GPUs with the total capacity of 46.1 GW. Moreover, gas is supplied to the GTS through gas pipelines of gas production and processing subsidiaries and OOO Gazprom PHG, measuring 4.5 thousand km overall. Gazprom’s gas transportation system: reliability pillars — Inherent design reliability. — Multiline sections of large diameter pipelines (1,420, 1,220 and 1,020 mm) in key transportation corridors, all operated in the same process conditions. — A well-developed network of underground gas storage facilities located in key consumption areas. — Centralised operation and maintenance. — Inter-system connections and backup gas pumping units (GPUs). — Well-timed upgrade and overhaul. Trunk pipeline breakdown by time in service in Russia, thousand km Time in service Length as of 31 December 2013 as of 31 December 2014 Less than 10 years (inclusive) 21.1 20.6 From 11 to 20 years (inclusive) 20.0 20.7 From 21 to 30 years (inclusive) 56.5 50.6 From 31 to 40 years (inclusive) 41.7 46.6 From 41 to 50 years (inclusive) 19.7 20.6 Over 50 years 9.9 11.6 Total 168.9 170.7 As the GTS owner, Gazprom provides independent suppliers with non-discriminatory access to its gas pipelines, provided that there is available capacity and that the company applying for gas transportation has a gas production license and a gas take-or-pay agreement in place. In 2014, 24 companies outside the Group transported gas via Gazprom’s GTS in Russia. In 2014, volumes of transported gas totalled 121.1 bcm, i.e. a 8.7% growth y-o-y. Competition kept increasing in the gas market in 2014, driven by more favourable business conditions offered to independent producers than to Gazprom. OAO Gazprom Annual Report 2014
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OAO Gazprom Annual Report 2014 The
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Contents 4 Statement of OAO Gazprom
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4 Statement of OAO Gazprom’s Chai
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6 Major results Gazprom Group Resul
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8 Company Information OAO Gazprom
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10 Company Information OAO Gazprom
Page 13 and 14: 12 Company Information Track Record
Page 15 and 16: 14 Company Information Gazprom Grou
Page 17 and 18: 16 Company Information Operations a
Page 19 and 20: 18 Business Development Prospects S
Page 21 and 22: 20 Business Development Prospects G
Page 23 and 24: 22 Business Development Prospects E
Page 25 and 26: 24 Business Development Prospects T
Page 27 and 28: 26 Business Development Prospects E
Page 29 and 30: 28 Business Development Prospects P
Page 31 and 32: 30 Business Development Prospects U
Page 33 and 34: 32 Business Development Prospects S
Page 35 and 36: 34 Board of Directors and Managemen
Page 43 and 44: 42 Board of Directors’ Report on
Page 49 and 50: 48 Trends and Developments on Oil a
Page 55 and 56: 54 Performance Results Exploration
Page 57 and 58: 56 Performance Results Distribution
Page 59 and 60: 58 Performance Results Distribution
Page 61 and 62: 60 Performance Results The company
Page 63: 62 Performance Results Hydrocarbon
Page 67 and 68: 66 Performance Results Gas transpor
Page 69 and 70: 68 Performance Results Gas Infrastr
Page 71 and 72: 70 Performance Results Hydrocarbon
Page 73 and 74: 72 Performance Results Gazprom, on
Page 75 and 76: 74 Performance Results OAO Mezhregi
Page 77 and 78: 76 Performance Results Major invest
Page 79 and 80: 78 Performance Results European gas
Page 81 and 82: 80 Performance Results In accordanc
Page 83 and 84: 82 Performance Results Oil and gas
Page 85 and 86: 84 Performance Results Sales of ref
Page 87 and 88: 86 Innovations In 2014, the budget
Page 89 and 90: 88 Innovations — produced a techn
Page 91 and 92: 90 Innovations 14 meetings of coord
Page 93 and 94: 92 Environment and Social Responsib
Page 101 and 102: 100 Environment and Social Responsi
Page 111 and 112: 110 Corporate Governance OAO Gazpro
Page 113 and 114: 112 Corporate Governance Corporate
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114 Corporate Governance Summary of
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116 Corporate Governance Remunerati
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118 Corporate Governance In additio
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120 Corporate Governance Liability
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122 Corporate Governance Audit Comm
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124 Corporate Governance The intern
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126 Corporate Governance Efficient
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128 Corporate Governance Stock Mark
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130 Corporate Governance Dividend P
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132 Risk Management Gazprom has con
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134 Risk Management Customs, curren
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136 Glossary ADR of OAO Gazprom APG
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138 Corporate Governance Units of M
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140 Additional information List of
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142 Additional information 11. Adde
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144 Additional information 27. Bank
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146 Additional information 45. Adde
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148 Additional information 59. Trad
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150 Additional information 68. Trad
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152 Additional information 84. Cont
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154 Additional information 96. Volu
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156 Additional information Inclusio
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158 Additional information Improvem
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160 Additional information These ef
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162 Addresses and Contact Details F
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