Company report
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20 Pages

Rosneft corporate report


Rosneft corporate report

Report summary

Rosneft has endured a bumpy ride over the past few years. The introduction of US/EU sanctions in late 2014 and the coincidental oil price collapse forced the company to adopt an increasingly defensive strategy. The focus has shifted from emergent domestic resource themes – Arctic exploration, tight oil, LNG – to its vast, low-cost, mature asset base in West Siberia. But the strategy is working: Rosneft has been strong through the downturn – increasing investment, holding production and paying down debt – and is well placed to handle a lower-for-longer price scenario.

What's included?

This report includes 1 file(s)

  • Rosneft corporate report PDF - 774.19 KB 20 Pages, 6 Tables, 21 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Overview
    • Current strategic positioning
    • Strategic priorities
      • 1. Ensuring liquidity
      • 2. Maintaining production levels
      • 3. Capital discipline
      • 4. Strengthening gas/LNG portfolio
      • 5. Portfolio internationalisation
      • 6. Investing in the next phase of growth
      • 7. Strategic partnerships
      • 8. Relationship with the state
  • Financial health
  • Investment
    • Legacy assets
    • Assets under development
    • Yet-to-be sanctioned projects
  • Resources, reserves and production
    • Unlocking world-class resource potential is a key challenge
    • Production overview
  • Key success factors
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 27 tables or charts, including:

  • Executive summary
    • Swot analysis
  • Strategy
    • Relative share price performance
    • Market premium to WM valuation
    • Benchmarking: NPV, 10 by resource theme
    • Benchmarking: production forecast
    • Rosneft's production breakdown
    • Benchmarking: return on discretionary projects
    • Benchmarking: capital investment (2016 to 2020)
    • Strategic fit for Rosneft's global portfolio
  • Financial health
    • Rosneft's cash flow breakevens
    • Benchmarking: upstream cash flow breakevens (2016 to 2018)
    • Net debt outlook
    • Benchmarking: upstream low case cash flow outlook
  • Investment
    • Roseneft: upstream investment (2015 to 2020)
    • Top ten projects by projected capex to 2020
  • Resources, reserves and production
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resources life
    • Rosneft 2p liquid reserves by region
    • Rosneft 2p gas reserves by region
    • Reported historic and Wood Mackenzie forecast total production
  • Key success factors
    • Key success factors table
  • Economic assumptions
    • Economic assumptions: Image 1
    • Economic assumptions: Image 2
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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