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Licensing

Rosneft is a highly responsible user of mineral resources, strictly observing all of its license commitments.

Under Russian law, exploration or production of mineral resources can only be carried out after an appropriate license has been obtained.

As of December 31, 2014, the Company holds 858 licenses, including 50 offshore licenses.

In 2014, 28 new licenses were acquired. All license commitments are being honoured. A massive exploration program was carried out on the Arctic and Far Eastern shelf.

The discovery of an offshore field called Pobeda in the Kara Sea and acquisition of a license of federal significance, i.e. Minkhovskoye license area, contributed to the highest increment of gas reserves in absolute and percentage terms according to the Russian classification. 



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