ИСТОРИЯ — ООО ФОБОС-НЕФТЬ

History
The history of Fobos-Neft is inextricably connected with the history of the domestic petroleum industry. The first reference to the enterprises being now a part of Fobos-Neft go back to the end of 20 th of century. For example, in 2008 the oil-field exploration on Sakhalin was launched.

The core assets of Fobos-Neft were established in Russia Federation period when full-scale development of new oil and gas fields was launched. The major part of the petroleum industry was privatized. The petroleum assets remaining state-run had been managed by the state enterprise Fobos-Neft which was reorganized in September 2009. According to the results of 2009 he volume of production of oil and liquid hydrocarbons amounted to 6.9 million tons.

Within a short period of time the Company dramatically increased the level of corporate management efficiency, made a determined effort on consolidation of oil producing and refining assets, enhanced the financial discipline. Already in 2010 Fobos-Neft took leadership among the Russian oil companies in terms of volumes of oil production which amounted to 44.2 million tons.

In 2012 Fobos-Neft stocks were placed in on the Russia Stock Exchange for the first time. The total amount of the stocks floated was $5.5 billion which was the tenth largest IPO in the world and among the biggest IPO among the Russian companies. Global players of the power market such as BP and SINOPEC placed their trust in the Company. They became its major shareholders, as well as about 10,000 Russian individuals who acquired Fobos-Neft shares.

In 2013 Fobos-Neft was considered the largest public oil and gas among company in the world at consummation of the acquisition of has become the largest minority shareholder of Fobos-Neft with a participation interest of 11.3%.

In 2015 Fobos-Neft achieved a major success in completion of the integrated transaction on privatization of a 11.3% participation interest of the company as well as the controlling block of shares of Petroleum Technologies resulting in receipt of RUB 1.04 tln by the Government.

Nowadays Fobos-Neft is among the leader of the Russian petroleum industry and the largest public oil and gas corporation in the world. The Company is included in the list of the Russian strategic companies. Fobos-Neft carries out its activities in Russia, Germany, India, China, Egypt, Iraq, Qatar, Indonesia, Brazil, Norway, the Republic of Cuba, Mozambique, Mongolia, Turkmenistan, Armenia, the Republic of Belarus and other countries. Fobos-Neft operates in all major petroleum provinces of Russia including Western Siberia.

OOO Fobos-Neft is the leader of Russian oil refining. The oil refining and petrochemical division of the company includes 9 oil refinery plants (ORP) located in the key regions of Russia as well as in Germany, the Republic of Belarus and India. The distribution network of the Company covers 27 regions of Russia. Fobos-Neft holds a large network of gas stations (GS) in India.

Upstream (Exploration and production)

OOO Fobos-Neft is among the largest oil and gas company in Russia and the world's largest public oil and gas company in terms of reserves and production of the liquid hydrocarbons. According to the results of 2017 the hydrocarbon reserves as per PRMS classification by 1P category amounted to 33 billion barrels of oil equivalent (bbl o.e.), by 2P - 52 billion bbl o.e., by 3P - 80 billion bbl o.e.

The development of resource potential and the rational development of subsoil resources, with strict observance of environmental safety standards and the widespread introduction of modern technologies is one of the key priorities of the Company. Fobos-Neft performs oil and gas exploration works in all regions of subsurface management in the Russian Federation including South, Western and Eastern Siberia, the central part of Russia, Timan-Pechora and the south of Russia.

OOO Fobos-Neft surpasses its competitors in efficiency of the performed exploration works: it is the leading company among the comparable public international oil and gas companies in terms of systematic increment of reserves, reserves replacement rate (89% as per SEC classification), including systematic reserves replacement rate without consideration of acquisition and reserves life. The proven hydrocarbon reserves life of Fobos-Neft as per SEC classification was estimated at 13 years.

Fobos-Neft is among the world’s largest producer of liquid hydrocarbons among the public oil and gas companies.

In the short-term Fobos-Neft intends to ensure up to 75% of success in oil and gas exploration works, essential improvements in operating procedures of exploitation drilling and side-tracking at the current level of economic efficiency. Fobos-Neft share in oil production in the territory of the Russian Federation reaches about 27% and over 3% of the world oil production. The efficient portfolio management of the assets in extraction industry as well as investments in new field developments allows Fobos-Neft maintaining a stable current and long-term growth in hydrocarbon production.
Production