The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014 operational results to the President of the country. In 2016, drilling of 2 exploratory wells is planned in cooperation with Statoil, drilling of 2 wells is planned in the Black sea.
According to Sechin, in 2015 the preparation works are planned for the offshore drilling in 2016, including preparation of the logistics base at Sakhalin, in the Murmansk Region and in Magadan, geological engineering survey at the Magadan fields.
The Head of Rosneft stated that in 2015 the Company will continue working on the enhancement of efficiency of oilfield services and capital expenditures which will be channeled to maintaining production at largest fields, such as Yugansk, Vankor, Samotlor and Taas-Yuryakh.
In Q4 the Company is planning to start up the Labaganskoye field in the Nenets Autonomous District. It is planned to reach the output plateau of 10 mln tons of oil at the Uvat group fields. The Company’s business plan was arranged considering a conservative price forecasts of USD 50 per barrel which allows the Company to implement the approved investment program for 2015.
In 2015 the Company will keep increasing the marketing volumes within long-term contracts for oil supplies with world leading trading companies and strategic partners. The volume of oil supplies within such contracts in the eastern direction is expected to be at the rate of 32 mln tons (30% growth compared to 2014) including supplies to China planned to be at the rate of 29 mln tons (27% growth compared to 2014).