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Licensing

Rosneft is the largest subsoil user in Russia. In its production activities the Company adheres to high responsibility standards of subsoil user and the principle of strict licensing obligations fulfillment.

In accordance with the legislation, subsoil resources are provided based on a special state permit in the form of a license. A license is issued by competent authorities and contains information about a subsurface area being developed, timing, financial and other conditions of subsurface use. The Company holds a number of licenses issued by state authorities for prospecting, exploration and production of raw materials from oil and gas areas on the territory of Russia and its continental shelf.