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.











© ROSNEFT, 2007—2008

Contacts   |  Russian   |  Legal notice   |  Privacy statement   |  Subscribe   |  About the website