Country Report
Russian Federation upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 volume of 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. International investors 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 ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- State-owned companies
- Mid-tier companies
- International investors
- Reserves and production
- Acreage
-
Geology
- Summary
-
West Siberia
- Overview
- Central
- South Kara/Yamal Northern region
- Omsk/Nyurolka
- Yenisei/Bor
- Yenisei-Khatanga
- Reservoirs
-
Timan-Pechora
- Overview
- Reservoirs
-
Volga-Urals
- Overview
- Structure
- Reservoirs
-
East Siberia
- Central area
- Reservoirs
- Vilyui basin
- Northern area
- Source rocks
-
Far East
- East Sakhalin basin
- West Kamchatka basin
- Baltic
-
North Caucasus
- Structure
- Reservoirs
- 2 more item(s)...
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Exploration
-
Licensing
- Summary
- Early days
- Award of licences
- Strategic fields
- Recent developments
-
Drilling
- Summary
- Onshore exploration
- Historical activity
-
Recent activity
- West Siberia
- Volga-Urals
- East Siberia
-
Offshore exploration
- Activity summary
- Barents Sea
- Pechora Sea
- Kara Sea
- Laptev Sea
- Chukchi Sea
- Black sea
- Sea of Okhotsk
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Licensing
-
Reserves and resources
- Summary
- Oil reserves estimate
- Gas reserves estimate
-
Production
-
Oil and condensate
- Summary
- Historical production
- North Caucasus
- Volga-Urals
- West Siberia
- Timan-Pechora and Barents
- East Siberia
- Far East
- 3 more item(s)...
- Natural gas liquids (NGLs)
-
Gas
- Summary
- Historical production
- North Caucasus
- Volga-Urals
- West Siberia
- Timan-Pechora and Barents
- East Siberia and Far East
- Precaspian
- 1 more item(s)...
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Oil and condensate
-
Infrastructure
- Oil infrastructure
-
Transneft
- Transneft-Ural
- Transneft-Prikamye
- Transneft-Verkhnyaya Volga
- Severniye Magistralniye Nefteprovody (SMN)
- Transneft-Druzhba
- Transneft-Privolga
- Chernomortransneft (Black Sea, Precaspian & Caucasus)
- Transneft-Baltika
- 14 more item(s)...
- Rail transport
- Road transport
- Oil refineries
-
Gas infrastructure
- Existing pipelines
- Brotherhood system
- Northern Lights system
- Yamal-Europe pipeline
- Bovanenkovo system
- Nord Stream
- The Central Asia Centre (CAC) pipeline system
- Soyuz system
- 5 more item(s)...
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Gas processing and condensate stabilisation plants
- Gazprom
- SIBUR
- LUKOIL
- NOVATEK
- Surgutneftegas
- Other GPPs
- Underground gas storage
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Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Policy and regulation
- Key legislation
- Summary
- Key facts
-
Key legislation and regulatory bodies
- 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
- Law on flaring
- Tax Code
- 1 more item(s)...
-
Other legislation
- International treaties
- Paris climate agreement (2015)
- COP26 in Glasgow (2021)
-
Regulatory body
- Ministry of Energy
- Ministry of Natural Resources
- The State Duma and the Federation Council
- Ministry of Economic Development
- Federal Antimonopoly Service
-
State participation
- National Oil Company
- Oil Transportation Companies
- National Gas Company (Gazprom)
- International boundaries
- 1 more item(s)...
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
-
Current fiscal terms
- Basis
- Government equity participation
-
Royalty (Mineral Extraction Tax (MET)
- Ring fencing
- Base
- Onshore oil MET rate
- Onshore gas and condensate MET rate
- Offshore MET rate
- MET tax credits
- Payment schedule
-
Export Duty
- Ring fencing
- Base
- Onshore oil and condensate ED rate
- Onshore gas ED rate
- Offshore ED rate
- Payment schedule
-
Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
-
Other taxes
- Property tax
- Fiscal treatment of decommissioning
-
Product pricing
- Liquids pricing
- Natural gas pricing
- 3 more item(s)...
-
Overview
Tables and charts
This report includes the following images and tables:
- Oil and condensate production by region
- Gas production by region
- Key facts: Table 1
- Country map
- Reserves and contingent resources at 01/01/2025
- Net Acreage 2025
- Map of oil & gas provinces (west)
- Map of oil & gas provinces (central)
- Map of oil & gas provinces (east)
- Russian Arctic offshore blocks map (2013/14)
- Reserves and resources: Table 1
- Liquids and Gas Production and Reserves
- 80 more item(s)...
What's included
This report contains:
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