Country report

Russian Federation upstream summary

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Report summary

Russia is one of the top oil producers in the world alongside Saudi Arabia and the US. It has the world's largest commercial gas reserves and is the second largest gas producer globally behind the US. Domestic players in particular state owned Rosneft and Gazprom dominate the Russian oil and gas industry. IOCs are present in only a handful of projects typically those which are high cost and technically challenging such as Yamal LNG and the Sakhalin PSC developments. In December 2016 Glencore and the Qatar Investment Authority purchased a 19.5% stake in Rosneft from the state.

What's included

This report contains

  • Document

    Country Overview

    PDF 12.47 MB

  • Document

    Country Overview

    XLS 2.43 MB

  • Document

    Country Overview

    ZIP 14.40 MB

  • Document

    Executive summary

    PDF 109.09 KB

  • Document

    Key facts

    PDF 66.11 KB

  • Document

    Location maps

    PDF 424.20 KB

  • Document

    Key companies

    PDF 135.38 KB

  • Document

    Geology

    PDF 2.65 MB

  • Document

    Exploration

    PDF 1.22 MB

  • Document

    Reserves and resources

    PDF 153.80 KB

  • Document

    Production

    PDF 265.86 KB

  • Document

    Infrastructure

    PDF 7.71 MB

  • Document

    Costs

    PDF 107.70 KB

  • Document

    Policy and regulation

    PDF 245.04 KB

  • Document

    Fiscal terms

    PDF 258.67 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Reserves
    • Production
    • Capital expenditure
    • Acreage
    • Licensing
    • Summary
      • West Siberia
      • Volga-Urals
      • East Sakhalin
      • East Siberia
      • Caspian
      • Early days
      • Awarding of licences
      • Strategic fields
      • Recent developments
    • Historical onshore exploration activity
      • Activity
    • Barents Sea
    • Pechora Sea
    • Kara Sea
    • Laptev Sea
    • Chukchi Sea
    • Sea of Okhotsk
    • Summary
    • Russian (ABC1) classification
      • Oil reserve estimate
      • Gas reserve estimate
    • Oil and gas reserves overview
    • Liquids reserves and resources
    • Gas reserves and resources
    • Reserves by analysis
      • Summary
      • Historical production
      • North Caucasus
      • Volga-Urals
      • West Siberia
      • Timan-Pechora and Barents
      • East Siberia
      • Far East
      • Precaspian
      • Baltic
      • Key Assets
    • Natural gas liquids (NGLs)
      • Summary
      • Historical production
      • North Caucasus
      • Volga-Urals
      • West Siberia
      • Timan-Pechora and Barents
      • East Siberia and Far East
      • Precaspian
      • Key assets
    • Introduction
      • Druzhba
      • Baltic Pipeline System (BPS)
      • CPC pipeline
      • East Siberia Pacific Ocean (ESPO)
      • Transneft-Ural
      • Severo-Zapadniye Magistralniye Nefteprovody (SZMN)
      • Transneft-Verkhnyaya Volga
      • Severniye Magistralniye Nefteprovody (SMN)
      • Transneft-Druzhba
      • Transneft-Privolga
      • Chernomortransneft (Black Sea, Precaspian & Caucasus)
      • Transneft-Baltika
      • Transneft-Yugra
      • Transneft-Tsentralnaya Sibir
      • Transneft-Zapadnaya Sibir
      • Transneft-Vostok
      • Transneft-Dalni Vostok
      • Novorossiisk (Black Sea)
      • Primorsk (Baltic Sea)
      • Kozmino Bay (Far East)
      • Ust-Luga (Baltic Sea)
      • De Kastri (Far East)
      • Prigorodnoye (Far East)
      • Varandei (Timan-Pechora)
      • Svetliy (Kaliningrad)
    • Rail transport
    • Road transport
    • Oil refineries
      • Existing pipelines
      • Brotherhood system
      • Northern Lights system
      • Yamal-Europe pipeline
      • Bovanenkovo system
      • Nord Stream
      • Soyuz system
      • Blue Stream
      • Sakhalin-Khabarovsk-Vladivostok (SKV)
      • Proposed pipelines and pipelines under construction
      • Power of Siberia
      • Power of Siberia 2 (Altai)
      • Nord Stream 2
      • South Stream
      • TurkStream
      • Gazprom
      • SIBUR
      • LUKOIL
      • NOVATEK
      • Surgutneftegas
      • Other GPPs
    • Underground gas storage
    • Key legislation
    • Summary
      • Law On the Subsoil
      • Law On the Continental Shelf
      • Law On Gas Supply
      • Law On Gas Exports
      • Law On Natural Monopolies
      • Foreign Strategic Investments Law
      • Tax Code
      • Customs Code
      • International treaties
      • Ministry of Energy
      • Ministry of Natural Resources
      • Ministry of Economic Development
      • Federal Tariff Service
      • National Oil Company
      • Oil Transportation Companies
      • National Gas Company (Gazprom)
    • International boundaries
    • Licensing
    • Overview
    • Standard fiscal regime (concession)
    • Production sharing contract regime (PSC)
    • Current fiscal terms
    • Standard fiscal regime (concession)
      • Participation rate
      • Carry and reimbursement
      • Signature Bonuses
      • Production bonuses
      • Area rentals (Regular Payment for Subsoil Use)
      • Other bonuses and fees
      • Value-Added Tax (VAT)
      • Import Duties
      • Land tax
      • Social development levies
      • Mineral Extraction Tax (MET)
      • Oil MET
      • Gas and condensate MET
      • Crude oil
      • Natural Gas
      • Liquefied Petroleum Gas (LPG)
    • Offshore terms (from 1 January 2016)
      • Yamal LNG
    • Environmental / CO2 taxes
    • Domestic Market Obligation (DMO)
    • Contractor Revenue Entitlement
      • Liquids pricing
      • Natural gas pricing
      • Tax Rate
      • Taxable Income
      • Depreciation
      • Abandonment costs
      • Loss Carry Forward
    • Additional Profits Tax
    • Fiscal/Contractual Ring-Fences
    • Dividend Withholding Tax
      • Property tax
    • Marginal government take calculation
    • Standard PSC regime
    • State equity participation
      • Bonuses
      • Rentals
      • Value-Added Tax (VAT)
      • Import Duties
      • Land tax
      • Social development levies
      • Mineral Extraction Tax (MET)
      • Oil MET
      • Condensate MET
      • Gas MET
    • Export Duty
    • Domestic Market Obligation (DMO)
      • Cost recovery ceiling
      • Recoverable costs
      • Non-recoverable costs
      • Cost Carry Forward
    • Profit sharing
    • Contractor revenue entitlement
      • Liquids pricing
      • Natural gas pricing
      • Tax Rate
      • Taxable Income
      • Loss Carry Forward
    • Additional Profits Taxes
    • Fiscal/Contractual Ring-Fences
    • Dividend Withholding Tax
      • Property tax
    • Marginal government take calculation
    • Historical background
      • Royalty
      • Resource Replacement Tax
      • Oil Excise Tax
      • Gas Excise Tax
      • Housing Tax
      • Sales Tax
      • Road Tax
      • Education Tax
      • Militia Maintenance Tax
      • Minor Turnover Taxes
      • Advertising Tax
      • Loss Carry Forward (Taxable Income)
      • VAT
      • Oil Export Duty
      • Gas Export Duty
      • LPG Export Duty
      • Oil Mineral Extraction Tax (MET)
      • Gas Mineral Extraction Tax (MET)
      • Condensate Mineral Extraction Tax (MET)
      • Corporate Income Tax (CIT)
    • Production Sharing Regime (Direct-Sharing Mechanism)
    • Production Sharing Regime for small fields

Tables and charts

This report includes 87 images and tables including:

Images

  • Liquids Production by Region
  • Gas Production by Region
  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2017
  • Liquids and Gas Production 2017
  • Capital Expenditure 2017
  • Net Acreage 2017
  • Map of Oil & Gas Provinces (West)
  • Map of Oil & Gas Provinces (Central)
  • Map of Oil & Gas Provinces (East)
  • Russian Arctic offshore blocks map
  • Remaining and Produced Commercial Liquids and Gas Reserves at 01/01/2017
  • Liquids Production
  • Key oil pipelines
  • Transneft operating divisions (West)
  • Gas Infrastructure Map
  • Underground gas storage (UGS) Map
  • International Boundaries - Caspian Sea (Azerbaijan and Kazakhstan)
  • Timan-Pechora stratigraphic chart
  • Volga-Urals stratigraphic chart
  • Licences issued and reissued (1996-2016)
  • Blocks awarded (2016)
  • Liquids Production by Region
  • Liquid production by key assets
  • Gas Production by Region
  • Gas Production
  • Transneft operating divisions (Central)
  • Trans-Siberia operating divisions (East)
  • Key sea export terminals

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Fiscal terms: Table 19
  • Fiscal terms: Table 21
  • Fiscal terms: Table 24
  • Fiscal terms: Table 29
  • GEM models
  • Fiscal terms: Table 38
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Production: Table 5
  • Production: Table 6
  • Production: Table 7
  • Production: Table 8
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • Fiscal terms: Table 8
  • Fiscal terms: Table 9
  • Fiscal terms: Table 10
  • Fiscal terms: Table 11
  • Fiscal terms: Table 12
  • Fiscal terms: Table 13
  • Fiscal terms: Table 14
  • Fiscal terms: Table 15
  • Fiscal terms: Table 16
  • Fiscal terms: Table 17
  • Fiscal terms: Table 18
  • Fiscal terms: Table 20
  • Sample cash flow (Concession regime)
  • Fiscal terms: Table 23
  • Sample cash flow (PSC regime)
  • Fiscal terms: Table 26
  • Fiscal terms: Table 27
  • Fiscal terms: Table 28
  • Fiscal terms: Table 30
  • Fiscal terms: Table 31
  • Fiscal terms: Table 32
  • Fiscal terms: Table 33
  • Fiscal terms: Table 34
  • Fiscal terms: Table 35
  • Fiscal terms: Table 36

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