on, Sibneft—along with LUKoil and Surgutneftgaz—became a large proponent for the horizontal drilling technology adopted from the West. Taking this technology, the firm moved toward creating new fields, focusing on as “greenfields,” untapped reserves as called when marked for development. Maintaing its focus on establishing new fields in its Western Siberia home base, Sibneft grew steadily for years in the aftermath of the default. (thousands of U.S. 2000 2001 2002 2003 dollars) 4,776,691 Revenues 920,469 1,311,288 6,716,540 Long- term Investments 533, 556 930,889 1,159,064 1,921,221 Oil and Gas 3,351,536 3,748,650 Properties* 2, 19,285 2,847,840 In 2005, Gazprom, the state natural gas monopoly that survived the transition with increasing levels of agency and power, was under entirely new management after a Putin administration-sanctioned purge of its ranks placed a political ally, Alexei Miller, into top management. The next year, Putin’s re-imaged Gazprom purchased a majority interest in
on, Sibneft—along with LUKoil and Surgutneftgaz—became a large proponent for the horizontal drilling technology adopted from the West. Taking this technology, the firm moved toward creating new fields, focusing on “greenfields,” as untapped reserves as called when marked for development. Maintaing its focus on establishing new fields in its Western Siberia home base, Sibneft grew steadily for years in the aftermath of the default. (thousands of U.S. dollars) 2000 2001 2002 2003 Revenues 920,469 1,311,288 4,776,691 6,716,540 Long- term Investments 533, 556 930,889 1,159,064 1,921,221 Oil and Gas Properties* 2, 19,285 2,847,840 3,351,536 3,748,650 In 2005, Gazprom, the state natural gas monopoly that survived the transition with increasing levels of agency and power, was under entirely new management after a Putin administration-sanctioned purge of its ranks placed a political ally, Alexei Miller, into top management. The next year, Putin’s re-imaged Gazprom purchased a majority interest in