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/or exploration:
“As a final instance of the force of limitations in the development of concentration, I must mention that beautiful creature, Helen Keller, whom I have known for these many years. I am filled with wonder of her knowledge, acquired because shut out from all distraction. If I could have been deaf, dumb, and blind I also might have arrived at something.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Typography tended to alter language from a means of perception and exploration to a portable commodity.”
—Marshall McLuhan (1911–1980)