Overview
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 2008 amounted to 2.12 mln barrels. Rosneft is also among the leading independent Russian gas producers. In 2008, the Company’s gas output totaled 12.4 bcm.
Rosneft is present almost in all Russian oil and gas producing regions — Western and Eastern Siberia, the Far East, the North Caucasus, Timan-Pechora, the Volga-Urals region, on the shelves of the Black, Caspian and Azov Seas.
The Company operates a huge and unrivalled reserve base. As of year-end 2008, Rosneft’s total proved oil and gas reserves under PRMS classification were 22.3 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 access to considerable prospective resources, which will further support the Company’s long-term development. According to the mean estimate by DeGolyer & MacNaughton, total prospective resources in upstream projects with Rosneft involvement were 53 bln barrels of oil equivalent at the end of 2008.
Unlike many of its competitors, Rosneft has a diverse portfolio of high-quality oil and gas assets, which allows the Company to secure sustainable cost-effective growth in the short, medium, and long term.
 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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