Gazprom EP International B.V.

What Gazprom EP International B.V. does

Gazprom EP International B.V., operating as Gazprom International Limited, is the dedicated international upstream vehicle of PAO Gazprom, Russia's largest energy company. Incorporated in the Netherlands and headquartered in Amsterdam, the company manages 14 petroleum assets across 8 countries and roughly 20-40 hydrocarbon projects of varying magnitude spanning approximately 20 countries on three continents, including Algeria, Bangladesh, Bolivia, Vietnam, Libya, Uzbekistan, Tajikistan, and the UK, Dutch, and Danish sectors of the North Sea. It provides full-spectrum E&P services — exploration, drilling, construction of energy facilities, pipelines, and compressor stations — typically through joint ventures, service contracts, and production-sharing agreements with host-country state petroleum companies such as Sonatrach, YPFB, PetroVietnam, Petrobangla, BAPEX, and Uzbekneftegaz, alongside international partners including Wintershall Dea (50:50 Wintershall Noordzee B.V.), Total, and TecPetrol.

The company's go-to-market is enterprise, sales-led, and relationship-driven: it represents Gazprom before foreign state-owned and private petroleum companies, securing projects through bilateral government frameworks, industry forums (St. Petersburg International Gas Forum, EXPO-RUSSIA, SPIEF), and direct engagement with energy ministers and national oil company leadership. Revenue mechanics derive from production capacity (hydrocarbon output from owned and JV interests) and project-based service contracts (e.g., 20 gas wells drilled in Bangladesh over 10 years). The firm is extending its vertical scope into downstream power generation through the 340 MW Quang Tri BOT power plant in Vietnam (completion targeted 2027) and into CNG mobility via the PVGAZPROM NGV joint venture.

As a wholly-owned subsidiary with no publicly traded equity, no publicly disclosed revenue, and no independent financial statements (results consolidated into PAO Gazprom), the company is best understood as a strategic operating unit rather than a standalone investment-grade business. Its enterprise IT backbone includes an ISMS certified to GOST R ISO/IEC 27001-2021 and a 1C-based HR Electronic Document Management system that has migrated up to 95% of HR records to digital form. In March 2024 it announced a competitive process to divest its North Sea portfolio (the 50% Wintershall Noordzee B.V. stake and the Gazprom UK Limited entities), signaling a strategic reweighting away from Western European upstream and toward Asia, Latin America, and Africa.

Name

Gazprom EP International B.V.

Legal name

Gazprom International Limited

Website

https://gazprom-international.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Gazprom EP International B.V. (Gazprom International Limited) is PAO Gazprom's dedicated upstream operator outside Russia, managing 14 petroleum assets in 8 countries across E&P, drilling, and energy infrastructure for state-owned national oil companies.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas

NAICS

Natural Gas Extraction (211130), Crude Petroleum Extraction (21112)

SIC

Oil & Gas Field Exploration Services (1382), Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

akta.pro industry

PRIMARYEUALAAAC

Field Development Planning & Subsurface Reservoir Engineering

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)

SECONDARYEUALALAC

Gas-to-Power Project Development (IPP/CPP, Permitting, Financing)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Gas-to-Power & Industrial Gas Supply (CNG/LNG for Industry, Captive Power)

SECONDARYEUAAAAAG

Onshore Natural Gas E&P (Conventional Fields)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Exploration & Production (Upstream)

Keywords

• Upstream oil and gas
• Hydrocarbon exploration services
• Drilling and production
• Energy infrastructure construction
• Petroleum asset management

Headquarters

HQ city

Kaliningrad

HQ country

Russia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Upstream E&P Operations: The company generates revenue through hydrocarbon exploration, development, and production operations outside Russia. As a holding company, it owns petroleum assets through subsidiaries and manages international upstream projects.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Gazprom EP International B.V. operates as the dedicated upstream (exploration and production) arm of PAO Gazprom outside the Russian Federation. It conducts hydrocarbon prospecting, exploration, drilling, field development, and production of oil and gas across roughly 20 countries on three continents, and builds supporting energy infrastructure such as pipelines and compressor stations, often in joint venture with host-country national oil companies and international partners.

Product overview

Gazprom EP International B.V. (Gazprom International Limited) is Gazprom's upstream operator outside Russia specializing in hydrocarbon prospecting, exploration, and development. The company operates in approximately 10 countries across three continents implementing nearly 20 projects of varying magnitude. Key project regions include Uzbekistan, Vietnam, Algeria, Libya, Bolivia, and Bangladesh. The company holds 14 petroleum assets in 8 countries through its subsidiaries. Core services include exploration, drilling operations, construction of energy facilities including pipelines and compressor stations, and related infrastructure development. The company also operates supporting functions including Gazprom International Training (staff training and certification) and various joint venture entities such as Wintershall Noordzee B.V. (50:50 JV with Wintershall Dea for North Sea operations) and Vietgazprom (Vietnam operations).

Differentiator

Problem solved

Functional benefit

Products and services

• Hydrocarbon Exploration and Prospecting Services Full-cycle geological and geophysical exploration, prospecting, and field evaluation services for host-country governments and national oil companies in regions including Uzbekistan, Algeria, Bangladesh, Bolivia, Vietnam and Libya.
• Drilling Operations Design and execution of gas and oil well drilling under service contracts, including the 20 gas wells drilled in Bangladesh across Titas, Shahbazpur, Rashidpur, Semutang, Begumganj, Srikail and Bhola fields over the past decade.
• Energy Infrastructure Construction Construction of energy facilities including pipelines, compressor stations, and all components of related upstream infrastructure for international upstream projects.
• Upstream Oil and Gas Production Production of hydrocarbons from 14 petroleum assets across 8 countries, including a 50% interest in the Wintershall Noordzee B.V. joint venture operating in the Dutch, British and Danish sectors of the North Sea (fields such as K18-Golf, Wingate, Q1-B, Q1-D and Sillimanite).
• Staff Training and Certification (Gazprom International Training B.V.) Personnel training, certification, and professional development programs for Gazprom Group employees and managers, including master's and postgraduate programs delivered with Gubkin University and tailored programs for Petrovietnam and Bolivian partners.
• Quang Tri Combined-Cycle Power Plant (BOT) Build-operate-transfer investment in a 340MW combined-cycle power plant in Vietnam, expanding the company's downstream power generation footprint beyond pure upstream operations.

Quantifiable outcome

• Up to 95% of HR records transferred to electronic form through HR EDM system
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Wintershall DeacoreStrategic or Co-development Partner · 1 January 201550:50 joint venture with Wintershall Noordzee B.V. operating in the Dutch, British, and Danish sectors of the North Sea. The JV explores and produces hydrocarbons with fields including K18-Golf, Wingate, Q1-B, Q1-D, and Sillimanite.
• PetroVietnamcoreStrategic or Co-development PartnerLong-standing strategic partnership for oil and gas projects in Vietnam, from exploration to power generation. Cooperation Agreement on Personnel Training signed in 2012 enables annual training programs and graduate education at Gubkin University.
• Total S.A.coreStrategic or Co-development PartnerPartnership in Bolivia with Total E&P Bolivie (60%) and TecPetrol (20%), with Gazprom International holding 20%. Joint development of Ipati and Aquio blocks with Incahuasi discovery, and Azero block exploration.
• Bangladesh Petroleum Exploration Company (BAPEX)coreStrategic or Co-development PartnerService contracts for gas well drilling in Bangladesh. Under existing agreements, Gazprom International has drilled 20 gas wells across multiple fields including Titas, Shahbazpur, Rashidpur, Semutang, Begumganj, and Srikail.
• SonatrachcoreStrategic or Co-development PartnerAlgerian national oil and gas company. Gazprom EP International operates upstream projects in Algeria in partnership with Sonatrach and ALNAFT (National Agency for Hydrocarbon Resources Valorization).
• PVGAZPROM NGVminorStrategic or Co-development PartnerJoint venture for natural gas vehicle fuel projects in Vietnam. Cooperation agreements signed with Tretiy Park and KAMAZ at SPIEF 2021 for CNG station development.
• UzbekneftegazcoreStrategic or Co-development PartnerPartnership with Uzbek state oil and gas company for Shakhpakhty and Djel gas and condensate field development under Production Sharing Agreements since 2004.
• Gazprom Group UniversitiesminorOthersPartnership with Gazprom's flagship universities including Gubkin University of Russia for educational and research programs, master's and postgraduate programs for Petrovietnam and Bolivian partners.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Sonatrach: Algerian national oil and gas company and Gazprom EP International's partner in Algerian upstream projects. Comparable as a state-owned operator managing domestic hydrocarbon resources with selective international partnerships, primarily serving its own North African market.
• YPFB (Yacimientos Petrolíferos Fiscales Bolivianos): Bolivian state-owned oil and gas company and Gazprom EP International's partner in Incahuasi, Ipati, Aquio, and Azero blocks. Comparable as a regional national IOC operating upstream assets with limited international partnerships, primarily serving the Bolivian domestic market.

Broad incumbents

• Rosneft: Russian state-controlled oil major and fellow member of the Russian state energy ecosystem. Comparable in pursuing international upstream assets via state-affiliated structures, though substantially larger and with broader geographic exposure including significant domestic operations.
• CNOOC Limited: Chinese state-backed international upstream operator with deepwater exploration and production assets across Asia, Africa, and the Americas. Compares as a larger, more diversified state-affiliated IOC pursuing similar foreign upstream asset strategy though on a broader scale.
• Petronas (Petroliam Nasional Berhad): Malaysian state-owned oil and gas major operating across the full upstream-to-downstream value chain with substantial international upstream exposure. Comparable as a state-affiliated IOC pursuing overseas petroleum assets in emerging markets, though far larger and more vertically integrated.
• TotalEnergies: French major IOC and direct JV partner in Bolivian blocks (Ipati, Aquio, Azero). Comparable as a global IOC pursuing upstream E&P partnerships in Latin America, Africa, and Asia, though vastly larger and more diversified across the energy value chain.

Direct peers

• Wintershall Dea: Europe's largest independent gas and oil producer and Gazprom EP International's direct JV partner in Wintershall Noordzee B.V. Operates comparable upstream assets in the North Sea, Russia (historic), North Africa, and South America with a similar technical focus on gas E&P.
• ONGC Videsh Limited: International upstream arm of India's ONGC, operating exploration and production assets across Russia, Vietnam, Brazil, and other emerging markets via PSA and JV structures. Highly comparable business model as a state-backed IOC vehicle pursuing overseas petroleum assets in non-OECD jurisdictions.
• Lukoil Overseas: International upstream arm of Russia's Lukoil operating exploration and production assets in West Africa, the Caspian, and the Americas. Closely comparable business model as a Russian IOC vehicle pursuing overseas petroleum projects outside the parent's home market.

Emerging players

• PetroVietnam: Vietnamese state-owned oil and gas operator and Gazprom EP International's long-standing partner in Vietnamese offshore exploration and power generation projects. Comparable as a national IOC with both upstream operations and downstream gas-to-power ambitions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/127174054304008

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gazprom EP International B.V.