ADR of JSC Gazprom Neft
American depositary receipt issued on shares of JSC Gazprom Neft. 1 ADR equals five ordinary shares of JSC Gazprom Neft.
Associated petroleum gas.
The Asia-Pacific region. This includes the nation states of continental Asia, the Americas and the Pacific Rim.
Associate company, associate
A company in which Gazprom Neft Group holds at least 20% of voting shares (for a joint-stock company) or 20% of registered capital (for a limited liability company).
Estonia, Latvia and Lithuania.
Barrels of oil equivalent.
Thermal catalytic refining of petroleum fractions to produce high-octane gasoline.
Kazakhstan, Kyrgyzstan, Tajikistan,Turkmenistan and Uzbekistan.
Commonwealth of Independent States: all former Republics of the USSR, except Estonia, Latvia and Lithuania.
Refining of liquid and solid fuels by heating them in the absence of air. As the fuel decomposes, it produces solid coke and volatile particles.
JSC Gazprom Neft replacement ratio
Gross increment of proven reserves, divided by total production in the period.
Digital trading site.
Net profit before interest, tax, depreciation and amortization.
The European Union.
FCF (FREE CASH FLOW)
Free cash flow
Fuel and energy complex
FFMS of Russia
Federal Service for Financial Markets
Fuel filling station.
FTS of Russia
Federal Tariff Service
Geological surveying for exploration purposes.
Gas processing plant
Gas and/or condensate refining plant.
Gazprom Neft Group, the Group, Gazprom Neft
All companies of the Group that comprise JSC Gazprom Neft (the parent company) and its subsidiaries.
Geological and engineering operations.
GD (GOSUDARSTVENNAYA DUMA)
The State Duma.
Health, safety, & the environment.
Hydrocarbon reserves in categories A+B+C
Explored reserves according to the Russian classification. Represents the part of geological reserves that it would be economically efficient to extract at the date of the estimate, based on the market situation and rational use of modern equipment and technologies, and taking into account requirements for the protection of mineral deposits and the natural environment. Explored reserves of gas in categories А+В+С1 are viewed as fully recoverable. For reserves of oil and gas condensate, an extraction coefficient based on geological and technical factors is used.
Hydrocarbon reserves in categories С1+С2
Category С1 represents reserves of oil and gas proven to exist in standalone wells, with favorable industrial and geological data for other wells. Category С2 represents reserves of oil and gas, the existence of which is suggested by geological and geophysical information within known gas-producing areas. Reserves of category С2 are preliminary estimates that are used to plan detailed survey work at specific fields.
A cracking technique used in refining of crude oil fractions with a high boiling point, fuel oils or tar oil to make gasoline, diesel fuel and jet fuel, lubricant oils etc.
Purification of petroleum products to remove organic sulphuric, nitric, and oxygen-based compounds using molecules of hydrogen. Hydro treatment improves the quality of petroleum products.
ISO 14001 Standard
International standard for environmental protection that sets requirements for environment management quality and is used to work out legally compliant environmental policies. The standard regulates environmental aspects of corporate activities that are controllable and require monitoring. This is a voluntary standard that does not supersede legislated requirements.
Information system of risk management.
Khanty-Mansiysk AD (KhMAD) Khanty-Mansi Autonomous District — Yugra.
Liquefied hydrocarbon gases
Liquefied natural gas
Cubic meter of natural gas, measured at the pressure of one atmosphere and temperature of 20°С.
Mineral extraction tax
Moscow Interbank Currency Exchange.
Medium-term investment program.
Selling price less shipping and handling.
Foreign countries with the exception of CIS and the Baltic states.
Oil and gas condensate field.
Oil products supply companies.
Oil recovery factor.
Occupational safety and health.
Polymer-bituminous binding materials.
Protection of environment.
Petroleum, oil and lubricants.
Unproven reserves, which are less likely to be extracted than probable reserves, based on the analysis of engineering and geological data. There must be at least 10% probability that actual production will be equal to or more than the estimate of proven, probable and potential reserves.
Crude oil distillation using atmospheric vacuum devices. Crude oil enters the distillation columns to undergo an atmospheric pressure distillation process, which splits it into a number of fractions: light and heavy gasoline fractions, kerosene fraction, diesel fraction, and fueloil as a residue. The quality of the obtained fractions does not meet standards for marketable petroleum products, so the fractions must undergo further(secondary) refining.
Unproven reserves, which are most likely to be extracted based on the analysis of engineering and geological data. There must be at least a 50% probability that actual production will be equal to or greater than the estimate of proven and probable reserves.
Prospecting and exploration drilling
All prospecting and exploration drilling carried out during the reporting period, including total distance drilled in wells, which have been fully drilled or are in the process of being drilled, but will be completed in the next reporting period.
Quantities of liquid, gaseous and solid hydrocarbons, which, according to engineering and geological information, are most likely to be produced by industrially available methods from known deposits starting from a specific date, under the existing economic conditions, with generally accepted operating techniques, and in compliance with applicable effective national regulations.
PRMS and SEC international standards
International classification and estimate of hydrocarbon reserves by the standards of the Petroleum Resources Management System (PRMS) and US Securities and Exchange Committee (SEC). These standards include not only the estimate of hydrocarbon reserves, but also provide the estimate of the commercial practicability of extraction and the justifiability of its availability. The period of economically viable reserve development (period of validity of the development licence) is taken into account as well.
Production sharing agreement.
Research and development.
A refining indicator defined as the percentage ratio of obtained petroleum products, not including bulk fuel oil, to the original quantity of crude oil. Measured in %.
Refining output capacity
Maximum possible output by a plant unit in a specific period.
Russian Trading System (stock exchange).
State Commission for Reserves of Commercial Minerals.
SILCO (SIBERIAN LIGHT)
Siberian light crude oil.
CJSC Science-Intensive Technologies Center.
Subsidiaries and Affiliates.
Tonne of conventional fuel (carbon equivalent), equals 877 m3 of natural gas.
Yamal-Nenets AD (YaNAD)
Yamal-Nenets Autonomous District.
Yaroslavl Refinary Slavneft-ANOS.
Underground gas storage facility.
Equipment for upgrading oil quality.
Value added tax.
Vertically integrated oil company.