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- About Rosneft
- Corporate governance
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Business
Upstream
- General Information
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Downstream
- Petroleum refining
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- Production of lubricants
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- Gas Motor Fuel Sales
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Upstream
- General Information
- Licensing
- Geological Exploration
- Reserves and resources
- Production and Development
- Gas Business
- Offshore projects
- Offshore equipment
Downstream
- Petroleum refining
- Gas Processing
- Petrochemistry
- Catalyst plants
- Production of lubricants
- Sales of oil products
- Sales of Petrochemical products and LPG
- Gas Sales
- Gas Motor Fuel Sales
Rosneft is the largest company in the Russian Federation in terms of crude oil production; its share of total production is over 40%. The Company's hydrocarbon production in 2023 amounted to 269.8 mln tons of oil equivalent, including 193.6 mln tons of liquid hydrocarbons.
Efficient management of the portfolio of production assets and investments in the development of new fields allows Rosneft to ensure stable current and future growth of hydrocarbon production. Production drilling rate in 2023 amounted to 12.0 mln meters; 3.2 thousand new wells were put into operation, 71% of which were horizontal wells.
The Company continues to develop brownfield assets and maintain its leading position in the Russian oil industry in launching new high-margin projects. The Company monitors and optimizes existing development systems to improve reserve recovery efficiency at brownfields. New technologies continue to be implemented to improve well productivity, reserves coverage and projects' feasibility.
Due to strict cost control and efficiency improvement efforts, specific hydrocarbon production costs decreased to $2.6/boe by the end of 2023.
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