EFTA Document EFTA01367379

31 May 2015 Integrated Oil US Integrated Oils Russia At 10.5 mmbpd of crude production in 2014, Russia represents -25% of Non- OPEC production; recent production growth has been driven chiefly by contributions from the conventional West Siberia basin and in our view likely to continue to be the case moving forward. While growth from green field projects is modest when compared to the country's base production, declines in mature fields will be the key driver of the forward-looking produc