The reason for the move is Gazprom Neft has shown better discipline, project management and transparency in various greenfield projects compared with its parent.
In May, Gazprom Neft completed a long-awaited deal to buy Gazprom’s wholly owned subsidiary Gazprom Neft Shelf for $77 million.
Gazprom Neft Shelf is the operator and the holder of the licence for the Prirazlomnoye oilfield in the Pechora Sea, where oil production began in December last year from the Prirazlomnaya platform, the first oil installation in the Russian part of the Arctic.
The
