PAO "Varieganneft" ORD
108.00
RUB
+18.80
(+21.08%)
ISIN
RU0007976775
Return %
Stock
S&P 500
1Y
-38.29
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Raduzhny Russian Federation
- Website
- oaovn.ru
- Similar Companies
- Business
- PAO Varieganneft (Public Joint Stock Company Varyeganneft) is a Russian upstream oil and gas exploration and production company engaged in the exploration, development, extraction, and commercial delivery of crude hydrocarbons and natural gas. Founded in 1976 and headquartered in Raduzhny in the Khanty-Mansi Autonomous Okrug - Yugra, Russian Federation, the company operates as a key Western Siberian oil-producing subsidiary within the PJSC RussNeft corporate group. PAO Varieganneft focuses on license blocks and mature hydrocarbon reservoirs situated primarily across the Khanty-Mansi and adjacent Yamalo-Nenets autonomous districts. The company provides a comprehensive portfolio of energy products and upstream field services, comprising the extraction and commercial supply of crude oil; gathering, separation, and delivery of associated petroleum gas (APG); production and primary processing of dry natural gas; geological prospecting, well logging, and reservoir evaluation; construction, directional drilling, and sidetracking of production wells; enhanced oil recovery (EOR) and hydro-fracturing operations; crude oil dehydration, desalting, and primary stabilization; operation and maintenance of intra-field gathering and pipeline systems; and environmental monitoring alongside industrial waste management services. Hydrocarbon output is routed into the federal Transneft and Gazprom pipeline networks for domestic refining, petrochemical processing, and commercial energy distribution. In recent operational developments, PAO Varieganneft has focused on reservoir performance optimization and maintaining output at its core Varyeganskoye license area through increased application of horizontal drilling, sidetracking, and well workover programs targeting hard-to-recover hydrocarbon reserves. Concurrently, the company has undertaken industrial infrastructure modernization projects, including upgrades to field waste disposal facilities and pipeline integrity management systems, while sustaining high associated petroleum gas utilization standards under parent company RussNeft's consolidated Western Siberian operational and environmental programs.