Gazprom Bumps Up Offshore Reserves to 4.7 Trillion Cubic Meters
Gazprom's Deputy Chief Executive Valery Golobev said Wednesday that Russia's state-owned oil giant has increased its offshore reserves to 4.7 trillion cubic meters from an estimated 2.5 trillion cubic meters in 2005, reports Dow Jones Newswires.
According to Golobev, Gazprom expects its offshore reserves to reach 10 trillion cubic meters in 2020, by which time the company intends to drill an additional 100 offshore wells, the report noted.
- US House Opposes Russian Gas Pipeline (Dec 11)
- Gazprom's Second Quarter Profit Soars On Rising Energy Prices, Sales (Aug 29)
- Russian Gas Exports Hit a New Summertime Record (Jul 17)