Development and Exploration
Since the production in Gazprom's current main fields of activity is declining, new fields need to be launched in the next few years in order for overall production levels to be sustained. Recognizing this, the company has been investing heavily in major projects, with overall yearly investment reaching about 480 billion rubles ($20 billion) in recent years. Nearly 37% of Gazprom's reserves are located in Yamal Peninsula and in the Barents Sea, and access needs to be gained to those reserves before they can begin production.
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Famous quotes containing the words development and, development and/or exploration:
“Such condition of suspended judgment indeed, in its more genial development and under felicitous culture, is but the expectation, the receptivity, of the faithful scholar, determined not to foreclose what is still a question—the “philosophic temper,” in short, for which a survival of query will be still the salt of truth, even in the most absolutely ascertained knowledge.”
—Walter Pater (1839–1894)
“If you complain of people being shot down in the streets, of the absence of communication or social responsibility, of the rise of everyday violence which people have become accustomed to, and the dehumanization of feelings, then the ultimate development on an organized social level is the concentration camp.... The concentration camp is the final expression of human separateness and its ultimate consequence. It is organized abandonment.”
—Arthur Miller (b. 1915)
“For women who do not love us, as for the “disappeared”, knowing that we no longer have any hope does not prevent us form continuing to wait. We live on our guard, on watch; women whose son has gone asea on a dangerous exploration imagine at any minute, although it has long been certain that he has perished, that he will enter, miraculously saved, and healthy.”
—Marcel Proust (1871–1922)