Production and Development
The Company managed to make a solid contribution to a new Russian post-soviet oil production record (560.3 mln tons) by the achievement of the 2019 planned production volume. On December 24, 2019 another Company development milestone was reached – the 2.5th billion ton of liquids was produced.
In 2019 liquids production made 4.67 mln bpd (230.2 mtpa, 81% from the total hydrocarbons production).
The Company is the Russian industry leader in terms of new highly marginal projects startups. The overall 2019 liquids production from the new projects, started since 2016 made 18.9 mln tons (384 K bpd), which is 27% higher than that in 2018. The projects share increased up to 8% in the total 2019 liquids production.
Rosneft also pays much attention to brownfield development – a historic daily production record exceeding 198 Ktpd was achieved in 2019 at RN-Yugasnneftegaz, the largest Company asset. The production decline trend of Samotlor field (average 5% annual reduction till 2018) was changed due to investment incentives. In 2018-2019 the Company production dropped only by 1% and reached 18.4 mln tons by the year end. Production trend is also changed in RN-Nyaganneftegaz and resulted in 17% increase and about 7 mln tons of production.