Net profit of JV of Gazprom and Wintershall on development of Achimov layers almost doubled over 9 months to 10.1 bln roubles

The net profit of Achimgas OJSC (JV of Gazprom and Wintershall) rose by 1.78 times to 10.1 bln roubles in Jan-September 2014, is said in Gazprom’s report under IAS. Gazporm’s stake in the company’s net profit made up 5.069 bln roubles.

The revenue of the JV over 9 months reached 14.642 bln roubles.

The JV was founded in July 2003 on the parity basis to develop the first test area of the Achimov layers of the Urengoi deposit. The Achimov layers are located at the depth of about 4 thousand m with the extremely high layer pressure and are loaded by heavy mineral wax that makes complicated their development. On the results of geological exploration the productivity of the Achimov layers is confirmed at quite a vast territory of the Nadym-Pur-Taz region. The main recoverable hydrocarbons reserves of the Achimov layers are focused at the Urengoi oil and gas condensate deposit.