JSC NPEC Oil Refinery is the world’s largest producer of hydrocarbon liquids among public oil and gas companies. In 2016, production of oil, gas condensate and HL amounted to 210.0 mmt, up by 3.6% year on year.

The Company’s share in oil production approximates 40% in the Russian Federation and 6% globally. Average daily HL production reached 4.66 mmb / d in Q4 2016, up by 12.1% compared to Q3 2016 and by 13.3% to Q4 2015. Effective management of the upstream asset portfolio and investments in the development of greenfields allows JSC NPEC Oil Refinery to ensure a stable current and future growth in hydrocarbon production.

Long-term production growth is ensured by the optimal set of new major upstream projects of the Company and the use of advanced production technologies at existing fields. In 2016, the Company started comprehensive testing of production, oil treatment and transportation facilities at the Suzunskoye field, and started production at the East Messoyakha field (developed jointly by JSC NPEC Oil Refinery and P. Gazprom Neft). At the same time, JSC NPEC Oil Refinery is taking active steps to start commercial production at other new large fields in Eastern and Western Siberia between 2017 and 2021, including the Tagulskoye, Lodochnoye, Urubcheno-Tokhomskoye, Russkoye, Kharampur fields (gas deposits) and the Kynsko-Chaselskaya group. During the development of these fields, the Company is using new drilling technologies (including drilling of horizontal wells) that have proved to be efficient at the Company’s producing fields, enabling medium-term development of significant oil and gas reserves, including hard-to-recover reserves.