Rosneft announces 11.1-pct growth of average daily production to 70.3 mmtoe in Q1 2017.
Rosneft says it produced 70.3 mmtoe (5.79 mmboed) of hydrocarbons in Q1 2017. The growth in average daily production amounted to 11.1% y/y on the back of the acquisitions and greenfields launching.
In Q1 2017, the Company increased the development drilling by 9% compared to Q1 2016 to 2.3 mln m in accordance with the annual targets.
Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Rosneft activities include hydrocarbon exploration and production, upstream offshore projects, hydrocarbon refining, and crude oil, gas and product marketing in Russia and abroad.