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15/05/2019
20:25
Messoyakhaneftegaz produced 10 million tonnes of oil

Messoyakhaneftegaz (a joint venture between Gazprom Neft and Rosneft) has produced 10 million tonnes of oil, the company informed.

This result was achieved in less than three years since operation of the Vostochno-Messoyakhskoye field started.

More than 300 production wells were built within the license block during this period. Total drilling progress has exceeded 1,100 km. The company produces 14,200 tonnes of oil per day.

The Messoyakha cluster of fields includes the Vostochno-Messoyakhsky and Zapadno-Messoyakhsky blocks. Messoyakhaneftegaz, a company controlled on a parity basis by Gazprom Neft and Rosneft, holds licenses for both blocks.

Gazprom Neft PJSC (tax number: 5504036333) and its subsidiaries own 61 licenses for the prospecting and development of oil fields. The proven oil reserves in the company's fields exceed 4.5 billion barrels. The company's largest shareholder is Gazprom Group.

IFRS net profit of PJSC Gazprom Neft for 2018 attributable to the company's shareholders increased by 48.7% year-on-year to RUB 376.7 billion. Adjusted EBITDA for 12 months of 2018 grew by 45.1% year-on-year to reach RUB 800 billion. Free cash flow (FCF) increased 2.5 times against the 2017 level to reach RUB 162 billion. Revenue amounted to RUB 2.489 trillion increasing by 28.7%

Rosneft Oil Company (tax number: 7706107510) is the largest oil company and largest tax payer in the Russian Federation. Rosneft's proved SEC compliant reserves exceed 37.7 billion boe. The company's authorized capital is RUB 105.981 million. It consists of 10,598,177,810 common shares with a face value of RUB 0.01. The company's largest shareholders include state-owned company Rosneftegaz (50%+1 share), BP Russian Investments Limited (19.75%), QHG Oil Ventures Pte. Ltd. (a joint venture between Glencore and QIA, 19.5%).

Rosneft owns the biggest retail network in Russia comprising about 3,000 filling stations / complexes. Geographically, the company's retail business covers 66 regions in all federal districts of Russia.

IFRS net profit attributable to Rosneft shareholders for Q1 2019 increased by 61.7% to RUB 131 billion from RUB 81 billion a year earlier. Revenue from sales and income from associates and joint ventures amounted to RUB 2.077 trillion against RUB 1.722 trillion rubles (+20.6%). EBITDA increased by 42.3% to RUB 548 billion from RUB 385 billion.

"AK&M", 15.05.2019 13:37

 

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