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FACTBOX-Russian oil company output cuts under OPEC deal
May 23, 2017 / 10:52 AM / 4 months ago

FACTBOX-Russian oil company output cuts under OPEC deal

    MOSCOW, May 23 (Reuters) - Russia has pledged to lower oil
production by 300,000 barrels per day (bpd) from the 11.247
million bpd it produced in October as part of a global deal
aimed at reducing global stockpiles and supportive crude prices.
    Following are tables on cuts by Russian producers in million
bpd based on energy ministry data:
 Company           Output in  Output in   Difference
                   Oct 2016   April 2017  
 Rosneft*          3.88       3.76        -0.120
 Lukoil            1.68       1.64        -0.040
 Surgutneftegaz    1.24       1.21        -0.030
 Gazprom Neft*     0.82       0.80        -0.020
 Small producers   1.61       1.56        -0.050
 Total             9.23       8.97        -0.260
 Total output in   11.247     10.995      -0.252
 Russia**                                 
  *Energy Ministry data exclude oil production at some Rosneft
and Gazprom Neft units 
 **Russia used a reference point of 11.247 million bpd for its
cut (although its actual average oil production in October was a
little lower at 11.23 million bpd).
      
  Oil production at some units of Rosneft, in million barrels
(based on company data):
 Production unit       Q1 2017     Q4 2016      Difference, in
                                                percent, on
                                                daily basis
 Yuganskneftegaz       114.6       119.6        -2.8
 Vankor projects       43.2        44.4         -0.4
 Samotlorneftegaz      35.2        36.5         -1.5
 Bashneft-Dobycha      30.9        31.4         +0.6
 Orenburgneft          29.6        30.8         -1.8
 Samaraneftegaz        23.3        23.7         +0.4
 RN-Uvatneftegaz       21.0        21.4         +0.3
 Verkhechonskneftegaz  15.8        16.2         -0.3
 
    
 (Reporting by Vladimir Soldatkin and Katya Golubkova; editing
by Jason Neely)
  

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