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FIRST TO EXPLORE OPPORTUNITIES IN THE RUSSIAN ARCTIC

FIRST TO EXPLORE OPPORTUNITIES IN THE RUSSIAN ARCTIC

We were first to set foot on the Arctic Shelf and are now successfully developing the largest Arctic fields on the continent

BOOSTING OIL REFINING EFFICIENCY

BOOSTING OIL REFINING EFFICIENCY

We upgrade our refineries to ensure safe, sustainable and technologically advanced production

LEADER IN COMMERCIAL DEVELOPMENT OF THE ARCTIC

LEADER IN COMMERCIAL DEVELOPMENT OF THE ARCTIC

The Company has built a unique logistics scheme to transport Arctic oil across ice prone seas

HIGH-TECH SOLUTIONS ENABLING OPERATIONS IN EXTREME CLIMATE

HIGH-TECH SOLUTIONS ENABLING OPERATIONS IN EXTREME CLIMATE

The Company has set up the Arctic Gates, a one-of-a-kind marine terminal that can be operated at temperatures as low as −50°С

CUTTING-EDGE TECHNOLOGIES FOR TAPPING HARD-TO-RECOVER OIL

CUTTING-EDGE TECHNOLOGIES FOR TAPPING HARD-TO-RECOVER OIL

The Company’s efficiency in developing hard-to-recover oil reserves is second to none in Russia. We introduce technologies that uncover massive quantities of hydrocarbons for the entire industry

Our Company Today

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LEADER OF INDUSTRY-WIDE TECHNOLOGY PROJECTS
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500+
advanced wells per year
Digitalisation
new level
of business efficiency
Bazhen
operator of a national project
to create technologies
for developing hard-to-recover oil
LEADER IN COMMERCIAL DEVELOPMENT OF THE ARCTIC
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12.6
MT OF OIL
liquid hydrocarbon production at Arctic projects in 2018
LEADER IN COMMERCIAL
DEVELOPMENT OF THE ARCTIC
LEADER OF INDUSTRY-WIDE TECHNOLOGY PROJECTS

Our accomplishments

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Investment Case
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396
average target price per share
+23%
upside
potential (vs price as at 25 March 2019)
35%+
of the IFRS net profit to be distributed as dividends for 2018
1.6
TN
market capitalisation as at 31 December 2018
+43%
share price growth in 2018
THE COMPANY’S POSITION IN THE INDUSTRY
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1
19.1%
ROACE (return on average capital employed)
2
84.0%
refining depth
3
92.9
MTOE
hydrocarbon production
THE COMPANY’S POSITION IN THE INDUSTRY
Investment Case

Results 2018

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Events of the year
Discovery of the year
High-tech icebreakers
Mubadala Petroleum and RDIF acquire stakes in Gazpromneft-Vostok
key performance
  • Growing hydrocarbon production
  • Effective oil refining
  • Strong financial performance
Hydrocarbon production Proved reserves
(mtoe)
(mtoe)
92.9
+3.5%
1,564
+2.8%
Production growth was predominantly driven by the Company’s largest projects, the Prirazlomnoye, Novoportovskoye and Vostochno- Messoyakhskoye fields. Considerable impact also came from a greater interest in Arcticgas and production being launched at the Tazovskoye field.
Expansion of the Group’s resource base in 2018 was supported by an improved exploration and production drilling technology. The Company also obtained more than 20 licences through licence auctions, exploration requests, and M&A deals. A total of four new fields and 27 hydrocarbon deposits were discovered and recorded in the Russian State Register of Mineral Reserves in 2018.
Key
performance
Events of
the year

Our aspirations

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2025 STRATEGY IN ACTION
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PROVED HYDROCARBON RESERVES
1,564
MTOE
Target
1,500 mtoe
 
PRODUCTION
92.9
MTOE
Target
100 mtoe.
Refining
in Russia
39.4
MT
Target
40 mt of oil
 
Sales
100%
 
Target
100%
STRATEGY 2030
2025 STRATEGY IN ACTION