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4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Gazprom PAO    GAZP   RU0007661625

GAZPROM PAO (GAZP)
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Gazprom OAO : Gazprom completes production wells drilling at Nizhne-Kvakchikskoye field in Kamchatka

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03/30/2012 | 05:14pm CEST

Gazprom completed drilling of five gas condensate production wells at the Nizhne-Kvakchikskoye field. Once the construction and connection of new wells is finished, the total number of wells will reach nine - that will create the conditions required to increase gas output to the projected level - from 175 to 575 million cubic meters a year.

This year the Company plans to complete the Kshukskoye and Nizhne-Kvakchikskoye gas and condensate fields pre-development as part of the Project on Gas Supply to Kamchatka Krai. Production and auxiliary facilities are currently being constructed, installed and pre-commissioned at the fields.

According to Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, as soon as in 2013 the Company will be technically equipped to daily supply consumers in Kamchatka with 2 million cubic meters of gas produced from both fields, which is twice as much as the present-day level.

Background

In September 2007 the Russian Government made a decision to involve Gazprom in the Project on Gas Supply to Kamchatka Oblast, Phase 1 - Gas Supply to Petropavlovsk-Kamchatsky.

As part of the project, Gazprom started pre-development of the Kshukskoye and Nizhne-Kvakchikskoye fields on the western coast of the Kamchatka Peninsula. In 2011 the Kshukskoye field output was raised to the projected level - 175 million cubic meters a year and Phase 1 of the Nizhne-Kvakchikskoye field was put into operation with the same output. It is planned to annually produce 750 million cubic meters of gas from these fields in the future.

In order to supply consumers in the Kamchatka Krai with gas, Gazprom promptly completed construction and in 2010 put into operation the Sobolevo - Petropavlovsk-Kamchatsky gas trunkline with the length of 392 kilometers and the annual gas throughput of up to 750 million cubic meters.

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This press release was issued by OAO Gazprom and was initially posted at http://www.gazprom.com/press/news/2012/march/article132411/ . It was distributed, unedited and unaltered, by noodls on 2012-03-30 17:12:02 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials ($)
Sales 2018 122 B
EBIT 2018 21 028 M
Net income 2018 17 569 M
Debt 2018 37 955 M
Yield 2018 6,13%
P/E ratio 2018 2,90
P/E ratio 2019 3,38
EV / Sales 2018 0,76x
EV / Sales 2019 0,75x
Capitalization 55 226 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 3,26 $
Spread / Average Target 40%
EPS Revisions
Managers
NameTitle
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Timur Askarovich Kulibayev Independent Director
Vladimir Alexandrovich Mau Director
Andrey Igorevich Akimov Director
Sector and Competitors
1st jan.Capitalization (M$)
GAZPROM PAO55 226
ROYAL DUTCH SHELL5.07%289 551
PETROCHINA COMPANY0.49%222 236
TOTAL10.89%159 077
EQUINOR17.29%84 744
PETROLEO BRASILEIRO SA PETROBRAS24.72%77 371