Business

Standard Petroleum is the standard‑bearer of the oil industry, achieving strong production growth and maintaining a diverse portfolio of high‑quality oil and gas assets.

Production & Growth

Despite a challenging environment, Standard Petroleum has delivered consistent production growth across all key regions.

  • 2.322 million barrels/day – average daily crude oil production (2010)
  • 847.4 million barrels – total crude oil and gas condensate output
  • 12.3 billion m³ – total gas production, among the largest independent gas producers
  • 6.4% – year‑on‑year production increase
+6.4% growth Top 5 global reserves

Reserves & Exploration

Standard Petroleum operates a huge and unrivalled reserve base, ensuring long‑term sustainable growth.

  • 22.8 billion boe – proved oil and gas reserves (PRMS)
  • 50.6 billion boe – prospective recoverable resources
  • Active exploration across Western Siberia, Timan‑Pechora, Eastern Siberia, Arctic shelf
  • Second‑to‑none in total proved liquid hydrocarbon reserves
22.8B boe proved 50.6B boe prospective
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Downstream & Refining

Ongoing development of the downstream segment is among Standard Petroleum's key strategic priorities. To increase the efficient sales of better‑quality and higher value‑added products to end customers, the Company constantly upgrades and expands its refining and marketing infrastructure.

The Company currently owns and operates seven large refineries with an aggregate annual capacity of 372 million barrels (50.9 million tonnes) and four mini‑refineries. Standard Petroleum's plants are able to process about 45% of crude oil produced by the Company.

Refinery infrastructure
Retail network

Retail Network & Terminals

Standard Petroleum is currently the second largest national oil company by retail network, covering 41 regions and including over 1,800 service stations. In the future, the Company plans to maintain its focus on extending and optimizing the marketing network.

Standard Petroleum also owns several large marine terminals that enjoy favorable locations and ensure efficient exporting of crude oil and petroleum products. Seeking to improve the balance between its export capacity and planned crude oil and petroleum product output, the Company implements a comprehensive program to upgrade and further expand its marine terminals.

Oil Refining

We operate state‑of‑the‑art refineries producing high‑quality petroleum products that meet the latest environmental standards.

Oil & Gas Production

Exploration and production across all key regions, leveraging advanced technology and a vast resource base to ensure sustainable growth.

Gas Process

We are a leading independent gas producer, with extensive processing and marketing capabilities delivering clean energy to domestic and international markets.

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