Address of Sergey TumanovDecember 30, 2021 10:35
The Year 2021 is coming to an end. It was not an easy one for us, but as a whole — a good one for our company. Having struggled through the global 2020 crisis, the oil and gas industry is steadily regaining its foothold. We did our best to keep Gazprom EP International a successful and competitive business, and there is a lot to be proud of.
This year saw the signing of the contract with BAPEX and launching of the project on drilling three wells in Bangladesh. In Bolivia's Incahuasi field, a new well, Incahuasi-5, was drilled and put on stream 6 weeks ahead of schedule. In Algeria, the negotiations led to an agreement with Sonatrach on Rhourde Sayah and Rhourde Sayah Nord gas sale conditions thus making it possible in the near future to move on to the development stage. In Uzbekistan, we are working on a Feasibility Study to further develop the Djel field and put it into operation. Oil production is coming back to life after a standstill in Libya. On a separate be note, I can say that we went far ahead of the gas and condensate production targets in Bolivia’s Incahuasi and Aquio fields, as well as at Wintershall Noordzee’s assets offshore the North Sea.
We keep looking for the opportunities for business diversification and development. More than 30 oil and gas projects were analyzed throughout the year in Africa, Latin America, South and South-East Asia and in the Middle East. We worked a lot to establish relations with new partners and promote cooperation with the existing ones, a number of memorandums and agreements were signed.
I do hope that our joint success and accomplishments will multiply in the coming year.
From the bottom of my heart, I wish each and every one of you and your loved ones sound health and strong vital energy. Let every day of 2022 be lit up with love and care, and the coming holiday season fill you with the warmth of families and friends.
Happy New Year! May it bring good luck and happiness! I wish you well!