Development Strategy

OAO NK RussNeft long-term development strategy was approved in December 2010.
It is main accents are  the organic growth of hydrocarbon production,, exploration and gas projects development.

RussNeft will be focused on the existing license areas development as well as adjustment of reserves geological structure and reserves increase within the boundaries of the holding oilfields.

Production growth will be stipulated by implementation of large-scale programs on production drilling, interventions, active use of innovative production methods and stimulation of reservoir recovery.

Moreover, NK Russneft considers gas business as a separate stream and plans to focus on the programs of efficient use of associated petroleum and natural gas and on gas processing projects.

Oil production dynamics at OAO NK “RussNeft” in 2012-2018, million tons.

RussNeft considers acquisition of new assets, corresponding to the company portfolio and meeting its strategic priorities.

NK RussNeft intends to improve efficiency by introducing advanced technologies and up-to-date oil and gas equipment, and by investing into production capacities development.

NK RussNeft will strive to secure competitive operating costs for oil&gas production by means of structural and technological innovations.

Another Company priority is compliance with world class HSE standards.