On the 9th of January, 1998 Severneftegazprom LLC was founded for the development of oil and gas condensate fields located in Yamal-Nenets Autonomous District, Tyumen region. On the 1st of June, 2001 Severneftegazprom LLC was transformed into an open joint-stock company with a registered office in Krasnoselkup village, Krasnoselkup District, Yamal-Nenets Autonomous District.
The company, one of the primary hydrocarbon-producing enterprises in Russia, is part of the Gazprom Group. OMV Exploration and Production GmbH and Wintershall Holding GmbH are minority shareholders.
Severneftegazprom produces, collects, treats, and markets natural gas. It conducts prospecting and geological exploration, and carries out and manages construction. The company’s central project is development and infrastructure building for the Yuzhno-Russkoye oil-gas-condensate field. The field’s gas is the key resource for the Nord Stream gas pipeline. Facilities for gas production at Yuzhno-Russkoye were built in only two years, and they are among the most modern and technically sophisticated in Russia.
Severneftegazprom is an example of effective Russian-German collaboration wherein the parties combine Western technologies with Russian experience working in extreme climatic conditions.
In 2012 Severneftegazprom celebrated the 5th anniversary of the date when the Yuzhno-Russkoye Oil, Gas and Condensate Field was put into production. Shareholder representatives and members of the industry’s international community paid tribute to the company’s outstanding results made during these years.