26.04.2017

MOODY’S UPGRADES RUSSNEFT’S RATING TO B1 FROM B2 AND CHANGES OUTLOOK TO POSITIVE FROM STABLE

Production

Today the Company structure includes three groups of extractive enterprises.

Among them are:

Volga Region Group

Central Siberian Group

 

The main objectives of the mining complex of RussNeft within the frame of the approved development strategy:

  • Provision of hydrocarbon production growth.
  • Growth of stocks.

To achieve these objectives, there was developed a number of efficient production programs. They allow to:

  • form E&P management system;
  • reduce operating costs;
  • augment R&D work potential.

Basic activities within the frame of the said programs:

  • search for engineering solutions of effective development of marginally profitable oilfields;
  • introduction of innovative methods of oil production and enhancement of oil recovery;
  • monitoring and development of the oilfields of the Holding with the use of the ongoing geological and hydrodynamic models.