Overview
Rosneft is present almost in all Russian oil and gas producing regions — West and East Siberia, the Far East, the North Caucasus, Timan-Pechora, the Volga-Urals region, on the shelves of the Black, Caspian, and Azov Seas, and on Kamchatka shelf.
The Company operates a huge and unrivalled reserve base. As of year-end 2007, Rosneft’s total proved, probable, and possible oil and gas reserves under SPE classification were nearly 49 bln. barrels of oil equivalent, among the highest for a publicly traded petroleum company worldwide. Rosneft is also the global leader in terms of proved liquid hydrocarbon reserves.
Rosneft’s active participation in numerous exploration projects ensures further expansion of its reserve base. As of year-end 2007, aggregate prospective resources of upstream projects involving the Company were estimated at more than 75 bln. barrels of oil equivalent.
Rosneft is the largest oil producer in Russia and ranks among the top ten publicly traded global oil companies in terms of crude output. The Company’s average daily crude oil production in 2007 amounted to 2.03 mln. barrels. In Q1 2008, this indicator reached 2.12 mln. barrels. Rosneft is also among the leading independent national gas producers. In 2007, the Company’s gas output totaled 15.7 bcm.
Unlike many of its competitors, Rosneft has a diverse portfolio of high-quality oil and gas assets, which allows the Company to secure rapid and stable cost-effective growth in the short, medium, and long term.
 Together with KNOC, Rosneft is conducting exploratory work at the West Kamchatka licensed block located in the Sea of Okhotsk  Sakhalin Island is home to the Company’s subsidiary Sakhalinmorneftegaz, as well as to a number of projects involving Rosneft: Sakhalin-1, Sakhalin-3, Sakhalin-4, and Sakhalin-5  Verkhnechonskneftegaz, where Rosneft and TNK-BP hold major stakes, is developing the Verkhnechonskoye field in the Irkutsk Region  East-Siberian Oil and Gas Company holds an exploration and development license to a part of the Yurubcheno-Tokhomskoye oil and gas field  Vankorneft is developing the major Vankor field that will produce oil to be transported via the East Siberia — Pacific Ocean pipeline, which is currently under construction  Tomskneft operates in both the Tomsk Region and the Khanty-Mansiysk Autonomous District  Rosneft’s largest gas producer, Purneftegaz, is developing the major Kharampurskoye gas field in West Siberia  Yuganskneftegaz is Rosneft’s largest oil-producing enterprise. Its fields hold approximately 16% of West Siberia’s recoverable oil reserves  The Timan-Pechora oil and gas province is home to Severnaya Neft and Polar Lights  Udmurtneft is the largest oil and gas producing enterprise in the Udmurt Republic  In Kazakhstan, Rosneft is taking part in the development of the Aday block and the Kurmangazy structure  Samaraneftegaz is the largest oil and gas producing enterprise in the Samara Region  Southern Russia, one of the country’s most well-developed oil and gas regions, is home to Krasnodarneftegaz, Stavropolneftegaz, Grozneftegaz, Dagneft, and Dagneftegaz  A joint venture owned by Rosneft, LUKOIL and the Krasnodar Region’s Administration is engaged in the exploration of the Temryuksko-Akhtarsky block located in the Azov Sea Rosneft is carrying out exploration activities at the Tuapse Trough, located in the Russian part of the Black Sea shelf
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