Hydrocarbons production

In 2018, the Company was still focused on supporting the production stabilization through the implementation of geological and technological, administrative and technical measures as per the production program.

Two fields of LLC “JC “RUSVIETPETRO” – Urernyrdskoye and South-Syurkharatinskoye were put into year-round operation. In general, 29 new wells were put into operation at Russian segment fields, a number of successful geological and technological measures were taken.

Production portion trend as per Zarubezhneft JSC geographic reach, %
Hydrocarbon production at Zarubezhneft Group of Companies (including interest), MTOE


Taking into account the share of Zarubezhneft JSC, hydrocarbon production in 2018 amounted to 5,149 thousand tons of oil equivalent (3.6% decrease against 2017). Whereby, the plan figure (5,054 thousand tons of oil equivalent) was exceeded by 1.9%. The decline in production was caused by the entry of large deposits of JV “Vietsovpetro”, White Tiger and Dragon into complex final development stage.

In 2018, JV “Vietsovpetro”, LLC “JC “RUSVIETPETRO”, and ZARUBEZHNEFT-Production Kharyaga LLC were still the main segment assets in the production structure.

Production structure in 2018, %
Oil and gas condensate production, including Zarubezhneft’s interest, thous. tons
Name 2014 2015 2016 2017 2018 + / - %
Russia 2,035 2,075 2,209 2,299 2,357 58 1,2
Vietnam 2,691 2,612 2,520 2,441 2,109 –332 –18
Other countries 174 174
Total 4,726 4,687 4,729, 4,740, 4,640 –100 –2