Gazprom Adds 480 bcm to Gas Reserves

Gazprom Adds 480 bcm to Gas Reserves

Russian Gazprom Company announced that it has added new gas reserves estimated at 480 billion cubic meters (bcm) from its geological exploration that was implemented in 2020 in the Yamal Peninsula, east of Russia, and on the continental shelf, according to a press release.
The company elaborated that these results came out from conducting 3D seismic surveys covering more than 5,000 square kilometers and drill over 57,000 meters of rock formations in Russia, including technically challenging wells with depths reaching 4,500 meters.
Therefore, Gazprom’s reserve replacement ratio has been exceeding 1 for as many as 16 consecutive years.


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