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Gazprom
The major part of Gazprom's production fields are located around the Gulf of Ob in the Yamalo-Nenets Autonomous Okrug in Western Siberia, while the Yamal Peninsula is expected to become the company's main gas producing region in the future. Gazprom possesses the largest gas transport system in the world, with 158,200 kilometres of gas trunk lines. Major new pipeline projects include Nord Stream and South Stream.
Yamal Peninsula
Gazprom's main solution to the decline of current fields is the development of new fields located in the Yamal Peninsula, which is expected to become the company's main gas-producing region in the future. The explored reserves there amount to over 10 trillion cubic metres of natural gas and over 500 million tons of oil and gas condensate. About 60% of these is located in major areas such as Bovanenkovo, Kharasavey and Novoportovo. The Bovanenkovo field is expected to become the first one commissioned, starting production in 2011. The natural gas production capacity of the Bovanenkovo field is projected as 115 billion cubic metres per annum (4.1 trillion cubic feet per annum), with the potential to increase to 140 billion cubic metres per annum (4.9 trillion cubic feet per annum). The planned 2011 start date has been met with skepticism by analysts. The main obstacle for the deadline is the lead time necessary to mobilize materials to drill development wells, and especially the technically challenging construction of Bovanenkovo–Ukhta pipeline across Baydaratskaya Bay, which will connect the Bovanenkovo field to Gazprom's gas transmission network. It has been predicted that failure to launch production in Yamal in 2011 will lead to a decline in Gazprom's overall production capability. Even if the field is launched in time, this will only enable the company to sustain current levels, but not to increase general production.
Shtokman field
Gazprom's other major future source is the Shtokman field—one of the world's largest natural gas fields. It is an enormous area located offshore in the central part of the Barents Sea, 650 kilometres (400 mi) northeast of the city of Murmansk and 1,000 kilometres (620 mi) west of the Yamal Peninsula. The field is estimated to contain to 3.7 trillion cubic metres (130 trillion cubic feet) of gas. Potential production is 71 billion cubic metres per annum (2.5 trillion cubic feet per annum) in the initial phases, with a potential of increase to 95 billion cubic metres per annum (3.4 trillion cubic feet per annum). Gazprom, French Total and Norwegian Statoil have created a joint company Shtokman Development AG for development of the phase 1 of the field. The production is expected to start in 2015.
Arctic shelf/Khanty-Mansiysk Autonomous Area
The Arctic shelf has been a recent focus of Shell and Gazprom. On April 8, 2013 in Amsterdam Alexey Miller, Chairman of the Gazprom Management Committee and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell signed in the presence of Russian President Vladimir Putin and Dutch Prime Minister Mark Rutte a Memorandum outlining the principles of cooperation within hydrocarbons exploration and development in Russia's Arctic shelf and a section of deep-water shelf abroad.
Exploration
In Russia, Gazprom carried out 284.9 kilometres (177.0 mi) of exploration well drilling; 124,000 kilometres (77,000 mi) of 2D seismic survey and 6,600 square kilometres (2,500 sq mi) of 3D seismic survey in 2008. As a result, gas reserves grew by 583.4 billion cubic metres (20.60 trillion cubic feet), while oil and condensate reserves grew by 61 million tons.
Gazprom also carries out prospecting and exploration in foreign countries such as India, Algeria, Venezuela, Vietnam, Libya, Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan.