In mid-May, Severneftegazprom reached the one hundred billion cubic meters of gas mark at the Yuzhno-Russkoye oil and gas field.

Commenting on this milestone, Severneftegazprom Director General Stanislav Tsygankov said, “We will not stop at what has been accomplished. This 100 billion is just the beginning. I am sure that with our professional team, modern technologies and efficient management we will shortly achieve further success.”

The Yuzhno-Russkoye field was put into commercial production in October 2007. In August 2009, the field reached its annual design capacity of 25 billion cubic meters one year ahead of schedule. In 2012, it is planned to produce more than 26 billion cubic meters of gas. OJSC Severneftegazprom is a Gazprom Group gas producing company. Gazprom, BASF and E.ON are its shareholders. The company holds the hydrocarbons exploration, development and production license for the Yuzhno-Russkoye oil and gas field in Russia’s Krasnoselkupsky District in the Yamal-Nenets Autonomous Okrug of Tyumen region. ABC1+C2 natural gas reserves of the field exceed 1 trillion cubic meters.