Over 30 analysts and investors took part in Yurubcheno-Tokhomskoye field trip
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On May 31, Rosneft hosted a field trip for representatives of leading Russian and international investment companies and banks to the Yurubcheno-Tokhomskoye field located in Krasnoyarsk region. The trip was of great interest for the investment community – more than 30 analysts of global investment banks and investment funds portfolio managers from the USA, Singapore, UK and other European countries with c. $1.8 trln aggregated assets under management participated in the trip.
On May 30-31, the investors and the analysts had meetings with the Company’s First Vice-presidents - Eric Liron and Pavel Fedorov, who updated on an outlook for Rosneft development, discussed Rosneft-2022 strategy activities, initiatives on enhancing the Company’s shareholder value, operating and financial performance, and answered investors and analysts’ questions.
During the field trip the participants learned about East Siberian Oil and Gas Company operations, Rosneft’s subsidiary, the operator of the Yurubcheno-Tokhomskoye field development, and visited its the key infrastructure units. The field operating results and the development strategy were presented to the trip participants, highlighting the competitive advantages and the prospective development options of the project.
The trips to the Company’s key operational sites have become a good established tradition. The investors visited RN-Yuganskneftegas in 2016, the Rospan project in 2017. As a leader of Russian oil and gas industry, Rosneft meets the highest standards of the investor relations. Further improvement in the business transparency and the cooperation are highly appreciated by the investment community, along with the unique resource base, quality perspective projects portfolio and a stable financial position, contributing to further growth in the Company’s shareholder value.
Notes for Editors:
The Yurubcheno-Tokhomskoye field is located in the Evenki district of the Krasnoyarsk region. 3P PRMS reserves are estimated at 282 mmtoe. An active phase of the field development started in 2014. In November 2016, the oil deliveries from the Yurubcheno-Tokhomskoye field to the Kuyumba-Taishet oil trunk pipeline on temporary were launched. In 2017, comprehensive technological testing of a 2.5 mmtpa oil treatment facility (OTF-1) and oil pipeline «Offload facility – tie-in point of OPS-2» started. Currently, the construction and installation works of the first project stage objects are being completed, the preparation started for a start-up process of the second stage facilities, development drilling is in progress. Cumulative oil production since the project launch exceeded 1.5 mmt. The production plateau at c. 5 mmtpa is expected.
Information Policy Division
Rosneft Oil Company
Tel.: + 7 (499) 517-88-97
June 15, 2018