Strategy

Rosneft–2022 Strategy

Igor SECHIN
Igor SECHIN, Chief Executive Officer and Chairman of the Management Board at Rosneft:
In spite of the challenges of 2020, we kept our principles unchanged and achieved success across the key metrics of the Rosneft–2022 Strategy. The Company reaffirms its commitment to the reasonable use of resources by combining robust production efficiency and adherence to the sustainability principles.

A number of strategic goals delivered ahead of the schedule

Share of horizontal wells
68% 2020 actual
40%
2022 target
Lower well costsОn a comparable basis since the strategy launch.
15% 2020 actual
10%
2022 target
Faster horizontal drillingFaster horizontal drilling using the in-house service in comparable conditions.
16% 2020 actual
5%
2022 target
Longer well operation times between repairsSince the strategy launch.
13% 2020 actual
10%
2022 target