Segment indicators

The Exploration and Production segment is ZARUBEZHNEFT GROUP’s key segment. The Company’s strategic development is based on improving asset performance and developing new promising projects.

Changes in the segment’s main indicators are consistent with the changes in oil prices in 2020

REVENUE, RUB bln
CAPITAL EXPENSES,Hereinafter the information is specified according to national accounting standards, RUB bln

The bulk of investment in 2020 was spent on implementing the production programs of the Group’s main Russian assets — JC RUSVIETPETRO and ZARUBEZHNEFT—Dobycha Kharyaga.

EBITDA, RUB bln

Oil prices declined by around 39% in 2020. Another negative factor was the decline in production volumes due to limited oil production under the OPEC+ agreement.