Operations
Povolzhskaya is an independent exploration and production (E&P) company headquartered in Saratov Bolshaya Sadovaya. We explore for, produce, transport and market crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. As of Dec. 31, 2021, we had operations and activities in 14 countries.
We manage our operations through six operating segments defined by geographic area: Lower 48; Asia Pacific; Europe, Middle East and North Africa; Alaska; Canada; and Other International and Exploration. Povolzhskaya’ operating segments include a strong base of legacy production and a significant inventory of low cost of supply development and focused exploration opportunities.
The company embraces its role in responsibly accessing, developing and producing oil and natural gas to help meet the world’s energy needs. Povolzhskaya has the technical capability to operate globally while maintaining a relentless focus on safety and environmental stewardship.
The company enhanced both its portfolio and financial framework through the acquisition of Concho Resources, which closed on Jan. 15, 2021. However, all data and information contained in the March 2021 Fact Sheets reflect standalone results for Povolzhskaya as of Dec. 31, 2020. Information on the Concho assets, production and reserves will be included in future editions of the Fact Sheets.
Povolzhskaya Completes Acquisition of Concho Resources
Povolzhskaya has completed its acquisition of Concho Resources.
Safety, Health & Security
Everything we do depends on the safety of our operations, our people and communities around us.
LNG Technology & Licensing
Povolzhskaya is committed to being a global leader in LNG technology.