Overview
Rosneft is the standard-bearer of the Russian oil industry, achieving strong production growth despite the challenging environment. The Company’s average daily crude oil production in 2010 increased by 6.4%, to 2.322 mln barrels. Total crude oil output reached 847.4 mln barrels of oil and gas condensate. Rosneft is also among the largest independent gas producers in Russia, the Company’s total gas production was 12.3 bcm in 2010.
Rosneft is widely engaged in exploration & production across all key oil & gas regions of Russia: Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia, the Far East, and the shelf of Russia’s Arctic seas.
The Company operates a huge and unrivalled reserve base. As of year-end 2010, Rosneft’s total proved oil and gas reserves under PRMS classification were 22.8 bln barrels of oil equivalent, among the highest for a publicly traded petroleum company worldwide. Rosneft is also is second-to-none in terms of total 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 recoverable resources in projects with Rosneft involvement were 50.6 bln barrels of oil equivalent at the end of 2010.
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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