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History

Severnaya Neft is Rosneft’s main oil producer in Timan Pechora.

Severnaya Neft is a subsidiary of Rosneft, which holds 100% of its shares. The company was established as part of Rosneft group restructuring to provide operator functions for production and distribution of oil and gas at Severnaya Neft fields (Rosneft), and at the fields of European North of Russia.

Severnaya Neft is engaged in the development and oil production at 17 fields in the Timan Pechora oil and gas province. Its reserve base is highly concentrated, with 58% of proved reserves located within two groups of fields, Baganskaya (Baganskoe, South-Baganskoe, and North-Baganskoe) and Val Gamburtseva (Nyadeiyuskoe, Khasyreiskoe, and Cherpayuskoe). At present, Severanay Neft accounts for 2% of Rosneft’s proved oil reserves.

Severnaya Neft operates in the region with a well-developed pipeline infrastructure that connects all of its fields to the trunk Usinsk — Yaroslavl pipeline owned by Transneft, which extends to Russia’s western border. Part of the crude oil transported via the Usinsk — Yaroslavl pipeline is reloaded into tank cars at Rosneft’s transshipment facilities at the Privodino station located halfway between Usinsk and Yaroslavl. Crude oil is then transported by rail to Arkhangelsk for further shipment to Western European markets. Oil is exported by shuttle tankers from Rosneft’s Belokamenka floating terminal anchored near Murmansk. This scheme allows Rosneft to successfully solve the problem of limited pipeline transport capacity in northwest Russia.

Major fields: Val Gamburtseva and Baganskaya group of fields.

2013-2003
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2013-2003
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As of 1 January 2013 operating well stock had 342 wells, including 341 wells producing under artificial lift.

2003
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The enterprise was acquired by Rosneft in June 2003, and is currently an integral part of the Company’s production base.