Speaking earlier this week at the company’s annual general meeting (AGM) in St Petersburg, Sechin said the state-owned player will focus on its onshore oil and gas assets up to 2017.
Investments in exploration and development projects are due to hit between 300 billion Russian roubles ($5.5 billion) and 350 billion roubles ($6.4 billion), Sechin said.
The company is planning to bring four new oilfields in the Nenets and Yamal-Nenets autonomous regions online by the end of 2017, as well as increase gas production at fields, operated by its subsidiary Rospan, fourfold to 18 billion cubic metres, in the “next several years”, he said.
Sechin
