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Russian Federation upstream: 2018 in review

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18 January 2019

Russian Federation upstream: 2018 in review

Report summary

Russia's upstream had a great 2018. Three of the world's largest five discoveries were made in the country. Quick ramp up of Yamal LNG fired up investors' interest for new LNG projects in Russia. In parallel, oil and gas operators reached a new monthly liquids production high and a record level of gas production and exports. Two fiscal initiatives were finally adopted: the introduction of the additional profit tax (APT) regime and the tax manoeuvre completion. Read our Russia 2018 year in review to find out all the details.

Table of contents

  • Executive Summary
  • Exploration – setting the scene for more LNG
  • LNG – NOVATEK becomes a global player
  • Production – achieving new records
  • Tax – finally moving towards a profit-based system
  • IOCs/NOCs in Russia – entering technologically challenging projects
  • Key insights in 2018
  • Key asset reports in 2018

Tables and charts

This report includes 3 images and tables including:

  • Key Russian E&A in 2018
  • Yamal LNG exports by initial destination
  • IOC/NOC activity in 2018

What's included

This report contains:

  • Document

    Russian Federation upstream: 2018 in review

    PDF 1.33 MB