In the course of geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported, signaling the discovery of a new field.

As soon as the well is tested and the geological information is analyzed, the reserves estimates for the new field will be submitted to the Federal Subsurface Use Agency for the purpose of their approval and inclusion into the State Register of Mineral Reserves of the Russian Federation.

About the Sakhalin III project

As part of the Sakhalin III project, Gazprom is engaged in the geological exploration of three licensed blocks: Kirinsky, Ayashsky, and Vostochno-Odoptinsky. Within the Kirinsky block, Gazprom also discovered the Yuzhno-Kirinskoye and Mynginskoye fields.

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.

Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.