Rosneft is consolidating shelf assets into a single holding, in particular, the process has been launched for such companies as Rosneft-Sakhalin LLC, RN-Shelf-Arctic LLC, RN-Shelf-Far East JSC, according to the statement of the representative of the company.

According to the company, Rosneft in the first quarter reduced the share of direct ownership in its "daughters" of LLC "Rosneft-Sakhalin," LLC "RN-Shelf-Arctic," JSC "RN-Shelf-Far East." The representative of Rosneft explained RIA Novosti that the company is currently in the process of consolidating shelf assets within the framework of the formation of a sub-holding in the direction Exploration and Production.

"The transition to the holding management structure is one of the goals of Rosneft 2022 strategy implementation. The company is currently in the process of forming a sub-holding in the direction "Exploration and production." Within the framework of this initiative, the consolidation of relevant assets, including enterprises of the shelf block, is under way. The holding structure will allow the company to increase the efficiency of the business, as well as the quality and efficiency of management of structural divisions, he said.

It is noteworthy that also in the first quarter Rosneft transferred its "daughter" RN Holding from Tyumen to Moscow.

Source: https://pro-arctic.ru