Neftesib is the standard-bearer of the Russian oil industry, achieving strong production growth despite the challenging environment. The Company’s average daily crude oil production in 2010 increased by 3.4%, to 1.122 mln barrels. Total crude oil output reached 636.3 mln barrels of oil and gas condensate. Neftesib is also among the largest independent gas producers in Russia, the Company’s total gas production was 11.2 bcm in 2010.
Neftesib is one of the biggest suppliar of petroleum product in Russia federation and CIS countries in terms of reserves and production. Adding reserves is one of the Company’s key priorities.Read more
Offshore projects are a strategic business area for Neftesib. Neftesib is a pioneer in development of the Russian shelf. Most fields on the Sakhalin shelf were discovered with participation of the Company's specialists.Read more
Neftesib refining have cutting-edge conversion and reforming capacities, and produce a wide range of high quality petroleum products.In terms of the engineering properties of their production capacities and the efficiency indicators.Read more
As far as its Upstream operations go, Neftesib seeks to maximize its efficiency and profits by improving its production performance, carefully selecting new projects and exercising clear-cut control over its production costs.Read more
Neftesib is engaged in wholesale trade in oil, petroleum products, gas, gas processing products and petrochemicals, and retail sales of petroleum products and petrochemicals.Read more
The major part of the proved reserves (around 90%) is conventional, which is the Company's most important competitive advantage ensuring low development and production costs per barrel.Read more