Oil arm of Gazprom and Russia's third-largest oil producer; integrated upstream/downstream with a strong Arctic and West Siberia asset base, but export logistics and pricing constrained by sanctions.
Sanctioned; Gazprom-controlled; figures estimated.
Its EV/EBITDA of 3.7x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 10.0% is higher than the 6.5% median, and at $2.75/boe of proved reserves it is cheaper than the $13.51/boe median.
On a balanced screen across the universe, Gazprom Neft scores 56/100, strongest on valuation (87/100). Sub-scores: value 87, quality 69, growth 28, risk 93 (higher = riskier). Note: sanctioned / uninvestable for Western acquirers — shown for completeness only.
Gazprom Neft holds approximately 16 billion boe of proved (1P) reserves with FY2025 production of about 1,950 thousand boe/d (80% liquids), a reserve life of roughly 22.5 years. Break-even: ~$25 (Brent breakeven) — low-cost West Siberia base but sanctioned/discounted (Urals/ESPO differentials); realized pricing well below Brent
For Gazprom Neft, no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| Russia | 95% | 92 | Sanctions, expropriation, export bans, war; effectively uninvestable. |
| Other | 5% | 50 | diversified/unspecified exposure — universe-average proxy |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| Asset | Country | Type | note |
| Priobskoye | Russia | Oil | flagship West Siberia brownfield, EOR/tight oil |
| Novoportovskoye (Novoport) | Russia | Oil | Arctic Yamal, Gate Arctic terminal export |
| Prirazlomnoye | Russia | Offshore oil | only producing Russian Arctic offshore field (Pechora Sea) |
| Vostochno-Messoyakhskoye (Messoyakha) | Russia | Oil | northernmost onshore field, JV with Rosneft |
| Chonsky / Ignyalinskoye | Russia | Oil/Gas | East Siberia development cluster |
| Kuyumba | Russia | Oil | East Siberia, JV with Rosneft |
| Zimnee / Orenburg | Russia | Oil | Volga-Urals mature assets |
| Badra | Iraq | Oil | international upstream, curtailed |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 1850 | 1900 | 1950 | 1980 | 1950 |
| Proved reserves (bnboe) | 15.50 | 15.80 | 16.00 | 16.20 | 16.00 |
| Revenue ($bn) | 45.0 | 42.0 | 38.0 | 41.0 | 39.0 |
| EBITDA ($bn) | 13.5 | 12.5 | 12.0 | 13.0 | 12.0 |
| Net income ($bn) | 7.5 | 6.5 | 7.0 | 7.2 | 6.8 |
| Free cash flow ($bn) | 4.5 | 3.5 | 3.5 | 4.0 | 3.5 |
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Primary: Gazprom Neft FY2025 annual report / results release and investor disclosures; market data via public providers (~mid-2026). Figures are best-estimates pending source verification.
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