Anzeige
Mehr »
Login
Freitag, 01.11.2024 Börsentäglich über 12.000 News von 674 internationalen Medien
Neuer Gold Rekord bei knapp 2.800 USD und Übernahme-Zirkus!
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
Dow Jones News
955 Leser
Artikel bewerten:
(2)

ROSNEFT OIL COMPANY: Operating results for 2Q and 1H 2021

DJ ROSNEFT OIL COMPANY: Operating results for 2Q and 1H 2021

ROSNEFT OIL COMPANY (ROSN) 
ROSNEFT OIL COMPANY: Operating results for 2Q and 1H 2021 
13-Aug-2021 / 10:30 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
----------------------------------------------------------------------------------------------------------------------- 
OPERATING RESULTS FOR 2Q 2021 AND 1H 2021 
* 2Q 2021 HYDROCARBON PRODUCTION ROSE BY 5.6% QOQ UP TO 452.6 MLN BOE 
* 2Q 2021 LIQUIDS PRODUCTION INCREASED BY 5.1% QOQ UP TO 354.7 MLN BARRELS 
* 2Q 2021 GAS PRODUCTION INCREASED BY 7.3% QOQ UP TO 16.07 BLN CUBIC METERS 
* IN 1H 2021, THE NUMBER OF NEWLY COMMISSIONED WELLS INCREASED BY 36% 
* IN 1H 2021, 3D SEISMIC WORKS INCREASED BY 45.5% 
* 2Q 2021 OIL REFINING THROUGHPUT AT THE COMPANY'S REFINERIES AMOUNTED TO 26.4 MLN TONNES 
* 2Q 2021 OIL REFINING THROUGHPUT IN GERMANY INCREASED BY 26.9% QOQ UP TO 2.9 MLN TONNES 
* 2Q 2021 REFINING DEPTH INCREASED UP TO 76.2%, LIGHT PRODUCTS YIELD ROSE TO 57.6% 
* THE COMPANY EXCEEDED THE REQUIRED QUOTAS FOR EXCHANGE-TRADED MOTOR FUEL SALES ON THE SPIMEX BY OVER 2 TIMES 
* IN 1H 2021, THE RETAIL SALES VOLUME AT FILLING STATIONS RECOVERED AND EXCEEDED THE LEVEL OF 1H 2020 BY 12% 
ESG 
Protecting life and health, as well as securing labor safety are the main priorities for Rosneft. In March 2021, to 
prevent the spread of the COVID-19 infection the Company commenced vaccination of its employees. In total, 
approximately 90% of employees of the Company's headquarters and about 71% of employees of subsidiaries took part in 
the vaccination program. Despite herd immunity achieved as a result, the Company has taken the decision to continue the 
vaccination program. 
Rosneft persistently enhances the level of HSE performance, guided by the principle of 'zero tolerance' for imposed 
golden safety rules violations committed by the Company's employees and contractors. Thanks to the implementation of 
measures to prevent accidents and mitigate their consequences, in 1H 2021 the number incidents of related to the safety 
of technological processes decreased at the Company's subsidiaries. A decrease in the number of process safety events 
PSE-1 by 45% and PSE-2 by 42% YoY in upstream segment testifies this statement. 
The Company continues to strengthen its position in international ESG ratings. Following the June review, Rosneft was 
reconfirmed as a constituent of the FTSE4Good index series with a high score on ESG performance and transparency in 
disclosure. Furthermore, in April 2021, an international Sustainalytic agency improved the Company's ranking: Rosneft 
was the best among Russian oil and gas companies with a 33.9 score. 
Hydrocarbon production 
2Q 2021 liquids production reached 354.7 mln barrels (47.8 mln tonnes) having increased by 5.1% QoQ due to the gradual 
restrictions easing under the OPEC+ Agreement. Average daily liquids production amounted to 3.90 mln barrels per day. 
1H 2021 liquids production amounted to 692.1 mln barrels (93.3 mln tonnes). The fulfillment of the OPEC+ Agreement that 
had come into force on May 1, 2020, as well as the substitution of low-margin assets by greenfields affected the 
indicator. Average daily liquids production amounted to 3.82 mln barrels per day. 
In 2Q 2021, gas production amounted to 16.07 bln cubic meters having increased by 7.3% QoQ. The rise is mainly 
attributed to the increase in natural gas production at the Rospan project. 
1H 2021 gas production amounted to 31.05 bln cubic meters, average daily gas production reached 171.5 mln cubic meters 
per day. In a comparable perimeter (excluding the assets sale), the indicator growth amounted to 9.1% YoY. 
As a result, 2Q 2021 hydrocarbon production amounted to 452.6 mln boe (61.1 mln toe), a 5.6% increase QoQ, while 1H 
2021 hydrocarbon production amounted to 881.2 mln boe (118.9 mln toe). 
Geological exploration, development drilling and new wells commissioning 
In 1H 2021, the Company conducted 4.3 th. sq. km of 3D seismic works on the Russian onshore, and tested 28 exploration 
wells with a 93% success rate. The total volume of 3D seismic works in 1H 2021 amounted to 4.9 th. sq. km, a 45.5% 
increase YoY. As a result of geological exploration, Rosneft discovered 17 new deposits with ??1?1+B2?2 hydrocarbon 
reserves amounting to 13.9 mln toe. 
1H 2021 development drilling footage exceeded 5.1 mln meters, having increased by 5.8% YoY. The Company traditionally 
maintains the share of in-house drilling footage at 50% as a minimum. 
In 1H 2021, the number of newly commissioned wells exceeded 1.5 th. units, up by 36% YoY. The number of the most 
efficient new horizontal wells exceeded 1 th. units, up by 39% YoY, while their share in total number of newly 
commissioned wells amounted to 69%. In 1H 2020, the share of newly commissioned horizontal wells with multistage 
hydrofracturing amounted to 627 units, or 41% of the total number of wells commissioned over the period. Unit 
production per horizontal well overpassed the indicator for directional wells by more than 2 times. 
Upstream projects development 
In 1H 2021, the Company continued to develop its production projects in accordance with the previously announced plans. 
Particularly, Rosneft continues to actively implement a large-scale Vostok Oil project in the north of the Krasnoyarsk 
Region. In order to prepare the resource base for further development, processing and interpretation of the 3D seismic 
data shot in winter at the Zapadno-Irkinsky licence area that covered over 500 sq. km were continued. The 
interpretation results will underpin new locations for exploration drilling in 2022. As of the end of 2Q 2021, 6 
exploration wells were under construction at the Zapadno-Irkinskiy, Irkinskiy and Peschaniy license areas. 
During the XXIV St. Petersburg International Economic Forum, Rosneft signed over 50 contracts concerning the project 
implementation and totaling RUB 558.8 bln. Among other things, the Company signed agreements for the construction of 
hydraulic structures for marine terminal in Sever Bay Port, as well as for stages 2 and 3 of its construction to ship 
up to 100 mln tonnes of oil in 2030. The Company concluded survey and design contracts to underpin construction of 
stage 1 power generation facilities, as well as agreements to supply metallurgical products, special and road-building 
equipment, and render logistic services. Moreover, the Company agreed with partners on the possibility of using joint 
low-carbon solutions within the framework of the Vostok Oil project. 
Furthermore, in 2Q 2021, Rosneft and a consortium headed by Vitol S.A. signed heads of terms for a transaction 
providing for the sale of a 5% stake in the authorized capital of OOO Vostok Oil. The deal will be closed after the 
parties receive the necessary regulatory and corporate approvals. 
In 1H 2021, the Company's share in total liquids production at the new major projects launched since 2016 amounted to 
485 th. barrels per day (11.9 mln tonnes), which is 23% higher YoY. The share of these projects reached 12.7% of the 
total liquids production, up by 3.6 p.p. YoY. 
Rosneft continues the development of its key gas projects. Thus, construction and installation works under the project 
of the development of Cenomanian and pilot production of Turonian gas deposits continue at the key facilities of the 
Kharampur field. As of the end of 1H 2021, the construction readiness of the integrated gas treatment unit was 
estimated at over 70% and of external gas pipeline at nearly 75%. 
Oil refining 
In 1H 2021, oil refining throughput at the Company's refineries in Russia amounted to 47.6 mln tonnes. In 2Q 2021, 23.5 
mln tonnes of oil were processed, a 2.5% decrease QoQ due to seasonal maintenance. The maintenance works did not affect 
stable fuel supply to the domestic market, since the Company had built up reserves of gasoline and diesel in advance 
and, during the peak demand period, adjusted the maintenance schedule for its largest refineries in order to increase 
fuel sales on the domestic market. 
In 1H 2021, oil refining throughput at the refineries in Germany amounted to 5.2 mln tonnes. In 2Q 2021, 2.9 mln tonnes 
of oil were processed at the German refineries, which is a 26.9% rise QoQ attributed to an increase in demand amid the 
gradual restrictions easing within the framework of the previously enforced lockdown in the country. 
As a result, in 1H 2021 the Company's total refining throughput amounted to 52.7 mln tonnes. In 2Q 2021, the indicator 
amounted to 26.4 mln tonnes also remaining at the level of the preceding quarter. At the same time, oil refining depth 
increased by 1.4 p.p. and amounted to 76.2%, while light products yield increased up to 57.6%. 
Crude oil and petroleum products sales 
In 1H 2021, crude oil supplies to non-CIS countries amounted to 48.4 mln tonnes. In 2Q 2021 the indicator increased by 
18.9% and amounted to 26.3 mln tonnes, including 13.6 mln tonnes supplied eastwards, or 51.7% of the total crude oil 
supplies to non-CIS countries. 
In 1H 2021, the Company sold 50 mln tonnes of petroleum products, including 25.9 mln tonnes sold in 2Q 2021 (a 7.5% 
increase QoQ). 
Rosneft's priority for motor fuel supplies is the domestic market. In 1H 2021, the Company sold 97% of the produced 
Euro-5 and higher motor fuel grades domestically. Rosneft's share in the total volume of exchange sales amounted to 46% 
for motor gasoline and 42% for diesel fuel. At the same time, the volumes of motor fuel supplied by Rosneft to the 
exchange traditionally significantly exceed the required quotas. So, in 1H 2021 Rosneft sold at the St. Petersburg 
International Mercantile Exchange 25% of the gasoline produced (with a 11% quota) and 15% of the diesel produced (with 
a 7.5% quota). Fuel sales to non-CIS and CIS countries are carried out within the framework of intergovernmental 
agreements, as well as to supply its own enterprises abroad. 
In the reporting period, as part of Rosneft's long-term jet fuel retail sales development strategy in Germany, Rosneft Deutschland GmbH, a Rosneft subsidiary, commenced into-plane fueling in Nuremberg Airport. Refueling is also in place 
at other German airports, namely Berlin, Munich and Stuttgart. 
In 1H 2021, the Company supplied to end-consumers, namely domestic and foreign ship owners, a total of 796 th. tonnes 
of bunker fuel, including 499 th. tonnes of marine fuel with sulfur content of up to 0.5% fully complying with the 
MARPOL regulations. Low-sulfur residual marine fuel RMLS 40 accounted for 37% of this volume (186 th. tonnes). 
Retail business 
As of the end of 2Q 2021, the Company's retail network comprised 3,046 filling stations and complexes, including 2,985 
filling stations and complexes in the Russian Federation. 
In the reporting period, the Company's retail business continued to demonstrate stable performance. In 1H 2021, the 
retail sales volume at Rosneft's filling stations fully recovered after the restrictions introduced in 2020 because of 
the COVID-19 and exceeded the level of 1H 2020 by 12%. 
Customer focus, provision of in-demand services and a high level of service are the key priorities of the Company's 
retail business development. Thus, in the reporting period, Rosneft launched a pilot project Apteka Auto at 4 of the 
Company's filling stations in the Northwestern Federal District, offering its customers medical supplies, impulse 
demand medicines, hygiene products, medical cosmetics, and health products. 
Moreover, the Company expands the service of the World of Privileges financial supermarkets across its filling 
stations. As of the end of 2Q 2021, financial supermarkets operated at 171 filling stations, which is 4 times more than 
in the previous quarter. 
The Company is constantly expanding its branded fuels sale program. In 2Q 2021, sales of Pulsar gasoline began at 12 
filling stations in 4 regions. As a result, as of the end of 2Q 2021, Pulsar fuel was sold at more than 1,160 filling 
stations of the Company in 33 regions of Russia. 
 
Key operating results for 2Q and 1H 2021: 
                  2Q  1Q  QoQ    2Q  YoY    1H  1H   YoY 
                   '21  '21       '20       '21  '20 
Hydrocarbon production (kboepd)   4,973 4,763 4.4%   5,051 (1.5)%  4,869 5,402 (9.9)% 
Liquids production (mmt)      47.80 45.52 5.1%   49.56 (3.6)%  93.32 106.54 (12.4)% 
Gas production (bcm)        16.07 14.98 7.3%   15.16 6.0%   31.05 31.79 (2.3)% 
Development drilling ('000 km)*   2,785 2,343 18.9%   2,636 5.7%   5,128 4,849 5.8% 
2D seismic (linear km)*       189  686  (72.4)%  56  >100%   875  168  >100% 
3D seismic (sq. km)*        1,226 3,648 (66.4)%  837  46.5%   4,874 3,349 45.5% 
Oil refining (mmt)         26.36 26.35 0.0%   24.00 9.8%   52.71 52.72 (0.0)% 
At Russian refineries        23.48 24.08 (2.5)%  21.49 9.3%   47.56 47.44 0.3% 
Outside Russia           2.88 2.27 26.9%   2.51 14.7%   5.15 5.28  (2.5)% 
Refining depth, %          76.22 74.80 1.42 p.p. 75.19 1.03 p.p. 75.50 74.44 1.06 p.p. 
Product output in Russia (mmt)   22.70 23.24 (2.3)%  20.93 8.4%   45.94 46.00 (0.1)% 
Gasoline              3.53 3.56 (0.8)%  2.66 32.7%   7.09 6.24  13.6% 
Naphtha               1.39 1.43 (2.8)%  1.44 (3.5)%  2.82 3.05  (7.5)% 
Diesel fuel             6.81 7.17 (5.0)%  6.53 4.3%   13.98 14.20 (1.5)% 
Low-viscous marine fuel       0.80 0.90 (11.1%)  0.66 21.2%   1.70 1.49  14.1% 
Fuel oil              5.19 5.68 (8.6)%  5.00 3.8%   10.87 11.36 (4.3)% 
Kerosene              0.77 0.52 48.1%   0.62 24.2%   1.29 1.39  (7.2)% 
Petrochemicals           0.35 0.39 (10.3)%  0.39 (10.3)%  0.74 0.82  (9.8)% 
Other                3.86 3.59 7.5%   3.63 6.3%   7.45 7.45  - 
Product output outside Russia (mmt) 3.00 2.41 24.5%   2.54 18.1%   5.41 5.47  (1.1)% 
Light products yield, %       57.55 57.42 0.13 p.p. 56.27 1.28 p.p. 57.49 56.75 0.74 p.p. 
Crude oil sales (mmt)        29.2 25.1 16.2%   29.1 0.3%   54.3 66.5  (18.3)% 
International sales to non-CIS   26.3 22.1 18.9%   25.8 1.9%   48.4 61.8  (21.7)% 
International sales to CIS     1.3  1.8  (27.1)%  2.0  (35.0)%  3.1  2.0  55.4% 
Domestic market           1.6  1.2  32.6%   1.3  23.1%   2.8  2.7  3.5% 
Petroleum products sales (mmt)   25.9 24.1 7.5%   24.3 6.5%   50.0 52.5  (4.8)% 
Petrochemical products (mmt)    0.58 0.59 (1.7)%  0.50 16.0%   1.17 1.24  (5.6)% 
International sales         0.18 0.19 (5.3)%  0.20 (10.0)%  0.37 0.41  (9.8)% 
Domestic market           0.40 0.40 -     0.30 33.3%   0.80 0.83  (3.6)% 
Gas (bcm)              15.17 16.46 (7.8)%  13.06 16.2%   31.63 27.97 13.1% 

* According to management data

Rosneft Information Division Tel.: +7 (495) 411 54 20 Fax: +7 (495) 411 54 21 August 13, 2021 -----------------------------------------------------------------------------------------------------------------------

ISIN:     US67812M2070, RU000A0J2Q06 
Category Code: MSCH 
TIDM:     ROSN 
LEI Code:   253400JT3MQWNDKMJE44 
Sequence No.: 119948 
EQS News ID:  1226281 
 
End of Announcement EQS News Service 
-------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1226281&application_name=news

(END) Dow Jones Newswires

August 13, 2021 03:30 ET (07:30 GMT)

© 2021 Dow Jones News
Tenbagger-Chance mit der nächsten BioNTech

Erinnern Sie sich, als Moderna und BioNTech von unbekannten Unternehmen zu globalen Marktführern wurden und frühzeitige Investoren reich belohnt haben?

Die Branche steht vor einem erneuten Innovationsschub – von bahnbrechenden Medikamenten bis hin zu revolutionären Therapien.

Warum sollten Sie dabei sein?

Sie sollten jetzt in Biotech-Aktien einsteigen, weil wir am Beginn einer neuen Ära der medizinischen Innovation stehen könnten! Gen- und Zelltherapien, personalisierte Medizin und bahnbrechende Technologien könnten das Gesundheitswesen revolutionieren – und die Aktienkurse in die Höhe schießen lassen.

Die nächste Erfolgsgeschichte im Biotechbereich warten nur darauf, entdeckt zu werden. Wer jetzt investiert, hat die Chance, von gigantischen Durchbrüchen und enormen Renditen zu profitieren. Warten Sie nicht, bis es zu spät ist - der nächste Biotech-Superstar könnte morgen schon durchstarten!

Verpassen Sie nicht diese Chance!

Fordern Sie sofort unseren brandneuen Biotech-Spezialreport an und erfahren Sie, welche 3 Biotech-Aktien das riesige Potenzial haben, Ihren finanziellen Erfolg zu sichern. Dieser Report ist komplett kostenlos und zeigt Ihnen zukunftsträchtige Investments im Biotech-Sektor.

Handeln Sie jetzt und sichern Sie sich Ihren kostenfreien Report!

Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.