A new evaluation report concludes that the gas company in 2008 met its objectives on new reserves. The report written by analysts in the Troyka Dialog company shows that Gazprom last year added 0,9 percent more gas to its reserves, thus boosting overall reserves to 21 trillion cubic meters, Smoney.ru reports.
Based on those figures the analysts conclude that the company in the future is unlikely to have problems with accessible resources. The problems might rather be linked with failing demands, they say.
Over the last few years, Gazprom has significantly stepped up exploration activities. While the company in 2002 drilled 51 km of drill holes, the company in 2007 drilled 153 km and in 2008 – 218 km.
As times are getting worse, Gazprom might now seek to reduce exploration in order to cut costs. That might not be much welcomed by government. Over the last years, the government has strongly requested Gazprom to step up drilling both in Eastern Siberia and on the country’s shelf.
