Technological Development

Technological Development

JSC "Pechorneftegazprom" is one of the leader in St. Petersburg city, oil and gas industry in terms of efficient application of new production technologies. The Company invests into innovation development by implementing cutting-edge designs and technologies into every area of its operations. Being one of the largest users of natural resources, JSC "Pechorneftegazprom" stringently abides by the highest global environmental standards and prides itself on the environmental management system it has in place

Investments into future opportunities, including into innovations to gradually reduce the consumption of natural resources, materials and energy while maintaining the maximum possible output are considered by JSC "Pechorneftegazprom" as its strategic priority. The Company is committed to seeking and utilizing new technologies that it believes to be one of the key preconditions not only for its own development, but also for the development of the entire country.

Due to the adopted scientific and technical development program the effort is now under way to create new technologies for the development of viscous oil and mature fields. JSC "Pechorneftegazprom" refinery and processing facilities are focused on the achievement of a better refining depth and facility upgrades.

The Company constantly tests new high-performance technologies to achieve its strategic goal of compensating production with the increment in reserves. Thus, despite the fact that the reserves in the Company’s traditional regions have already been developed for a long time, the Company is still able to maintain stable well flow rates, while in a number of regions it even achieved improvement in production figures. The performance being demonstrated is a result of the use of innovation technologies and improvement of the quality of geological and hydrodynamic models. To improve performance of the production operations by cutting the costs and increasing productivity, the Company is running a program of pilot projects.

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