Yuganskneftegaz

Yuganskneftegaz is Rosneft’s largest oil-producing enterprise. It develops 26 oil fields in the Khanty-Mansiysk Autonomous District of West Siberia. Yuganskneftegaz was established in 1977, and in early 2005, it was fully integrated into Rosneft’s production infrastructure.

Yuganskneftegaz’s fields account for approximately 16% of West Siberia’s total recoverable oil reserves. Over 80% of Yuganskneftegaz proved oil reserves are concentrated in the Priobskoye, Mamontovskoye, Malobalykskoye, and Prirazlomnoye fields. Yuganskneftegaz has significant capacity to further increase its hydrocarbon reserves and crude output through additional exploration of deep strata and those overlooked at earlier stages of exploration. The reserve-to-production ratio at Yuganskneftegaz equals 25 years, which is well above the global industry’s average.

Yuganskneftegaz’s portfolio includes a number of relatively new fields, such as Priobskoye and Prirazlomnoye, which have low depletion rates and substantially contribute to Rosneft’s organic growth in production. In developing such fields, Yuganskneftegaz extensively employs top-of-the-line recovery and production enhancement techniques. In addition, efficient use of advanced recovery methods allows the company to increase outputs even at its mature fields in the region.

The fields at Yuganskneftegaz are integrated with the regional transport infrastructure. Crude oil is exported and delivered to the domestic market via the nearby Ust-Balyk — Omsk trunk pipeline owned by Transneft.

In 2007, oil and gas production at Yuganskneftegaz amounted to 60.4 mln tonnes and 1.5 bcm, respectively, which is 60% and 10% of Rosneft’s total output (including the share in production by affiliates). In 2007, the enterprise accounted for the most of Rosneft’s organic growth in oil production — Yuganskneftegaz’s crude output rose 7.8% compared to 2006. This growth was mainly due to the extensive use of advanced field development techniques and accelerated production drilling which totaled 1,667 thousand meters, up 37% compared to 2006.

The average well flow at Yuganskneftegaz was 21.5 tonnes per day, compared to the Russian industry’s average of approximately 10 tonnes per day. The company has the potential to further improve its operating performance, as the average flow of its new oil wells stands at 105.1 tonnes per day, which is far above the average for other national oil-producing enterprises (approximately 40 tonnes per day).

Major fields: Priobskoye, Prirazlomnoye, Mamontovskoye, Malobalykskoye.

Yuganskneftegaz’s reserves (SPE, DeGolyer & MacNaughton, as of December 31, 2007)

Yuganskneftegaz’s hydrocarbon production

Yuganskneftegaz’s operating highlights

Contact Information

Full name: LLC RN-Yuganskneftegaz

General Director: Vladimir Bulba

Address: 26 Lenina st., Tyumen Region, Nefteyugansk 628309, Russia
Tel: +7 (3461) 23-52-01
E-mail: sekr_yng@yungjsc.com