One of the Company’s strategic goals is to strengthen and increase its resource base. The solid resource base ensures the continuity of production activities and the achievement of oil production targets. The Company conducts a large amount of exploration work and continues to expand its portfolio of licenses, demonstrating consistent replenishment of oil and gas reserves. Western Siberia, Eastern Siberia, and Timan-Pechora are the three oil and gas provinces where the Company’s fields and license blocks are located. When it comes to exploration, the Company places a premium on the employment of new technologies and equipment, as well as the support of operations by research and development institutes and design institutes, all of which help it to be more efficient.
JSC Gazpromneft MZSM is a Russian oil company that operates oil resources in Western and Eastern Siberia. In the upstream sector, the Company is committed to ensuring production quantities that allow it to strike a balance between economic efficiency and mineral resource rationalization. JSC Gazpromneft MZSM keeps production levels stable in mature fields while actively developing hard-to-recover reserves. At the same time, the Company is actively developing attractive areas and establishing new oil production hubs. The Company has maintained a consistent level of oil output in recent years by focusing on improving the oil recovery factor, which is one of the highest in the country.
JSC Gazpromneft MZSM has regularly undertaken a Manufacturing modernization program, including the reconstruction and modernisation of its production unit, which has enhanced product quality and boosted its competitive value over a number of years. It is the Russian oil industry’s most ambitious program for modernizing oil producing facilities. Traditional methods of laying out roads, drilling wells, constructing pipelines, and constructing field facilities were impracticable due to the climate and landscape of this location. Under fact, the oil-producing division served as a real-world test bed for new technologies and ways for developing fields in harsh geological and climatic conditions.
Oil business development is among JSC Gazpromneft MZSM strategic goals. JSC Gazpromneft MZSM accounts for the bulk of the JSC Gazpromneft MZSM .The key objective of JSC Gazpromneft MZSM in the period up to 2030 is to evolve into a next-generation company serving as a model of efficiency, technological effectiveness and safety for other oil companies of the world. To achieve these objectives, JSC Gazpromneft MZSM will use optimal optimization methods, reduce the cost of established technologies, and introduce and adapt new technologies on a large scale to extract the remaining reserves from the current resource base at the lowest possible cost.