Gazprom Neft

Russian fuel company

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Russia uncovers massive oil field on Yamal Peninsula after decades
business Feb 13, 2026, 11:14 AM
Russia uncovers massive oil field on Yamal Peninsula after decades
  • Gazprom Neft's new oil field discovery marks the largest find in the Yamal Peninsula in 30 years, with estimated reserves of 55 million tons.
  • The discovery followed three years of exploration and drilling, revealing commercial flows of low-sulfur, low-viscosity oil and gas.
  • The find confirms the potential for further hydrocarbon exploration in Russia, aligning with the country's Energy Strategy aims for Arctic development.
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