Achimgaz was founded in 2003 as a 50:50 joint venture between Gazprom and Wintershall.
The companies produce natural gas and condensate from the Achimov horizon in Block IA of the Siberian Urengoy reserve. The field is situated about 3,500 kilometers north-east of Moscow.
Today, the cumulated natural gas production has already reached the level of 32 billion m3, while the gas condensate production has totaled 14 million tons. Currently, 94 production wells are in operation.
Achimgaz plans to increase the number of wells to 110 by 2020, which will allow the company to exceed an annual production of 8 billion m3 of natural gas and up to 3,5 million tons of gas condensate.