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Element 5 Oil and gas

Company

Information technologies
Since 2007
Russia
Moscow
st. Academician Artsimovich, d 6, office 412


Top managers:
Kurnosov Sergey Borisovich

Content

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Owners

Element 5 Neftegaz (JSC) is focused on providing services in management consulting and business transformation, digital transformation and the development, implementation and maintenance of IT solutions on the platforms of Russian and foreign vendors.

History

2019: Withdrawal from OT-oil assets

On June 10, 2019, OT-Oil Joint-Stock Company announced the rejection of the IT project management scheme in the fuel and energy complex, organized in 2018 by a dedicated subsidiary of Element 5 Neftegaz JSC, due to failure to meet planned indicators.

Key fuel and energy experts were transferred back to the staff of OT-Oil JSC, the fulfillment of contractual and project obligations remained unchanged for OT-Oil JSC, a subsidiary of Element 5 NefteGas was removed from the assets of OT-Oil JSC.

2018

Specifics of activity

According to information as of June 2018, Element 5 Neftegaz (JSC) was a subsidiary of OT-oil, which specialized in consulting activities and the supply of solutions for the fuel and energy complex.

The company acted as a system integrator in the fuel and energy market, providing:

  • consulting activities on fuel and energy complex production processes;
  • Implementation of complex IT projects on multivendor deliveries for fuel and energy enterprises.

Element 5 Neftegaz conducted its activities in the oil and gas production and energy sectors in the Russian Federation, the CIS countries, the Middle East and Southeast Asia.

The specifics of the activity are the construction of corporate information systems for vertically integrated companies based on Russian software (including their own development) and products of foreign brands.

The basis of the team is experts with many years of experience at fuel and energy enterprises in the regions of Eastern Europe and Western Siberia and the scientific and production base for software development.

Separation of consulting practice from "OT-oil"

On June 19, 2018, OT-Oil announced the creation of a subsidiary, Element 5 Neftegaz, specializing in consulting activities and the supply of solutions for the fuel and energy complex.

Since its inception, OT-Oil has completed more than 200 projects to develop and implement IT solutions for oil and gas enterprises. Many projects had a consulting component: description and reengineering of business processes, the development of methodological documents, the formation of various strategies and concepts, the design of elements of an intellectual deposit and others.

In recent years, the company's activities have undergone structural and technological changes, which made it possible to distinguish functionality that has cross-industry application from the product line. Specifically, e-archive management and data management solutions. Customers appeared in related industries, for example, mining. These factors led to the decision to create a subsidiary specializing exclusively in the development of the fuel and energy market, explained in OT-oil.

The objectives of the created structure are to promote complex projects using advanced solutions and products presented in the fuel and energy market, and to more fully meet the needs of industry customers.

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Bringing a mature part of the business into a separate legal entity is advisable when the difference in the dynamics of the processes of vendor and distribution activities begins to affect the profitability of the business as a whole. Leaving for OT-OIL the tasks of developing and improving products, as well as entering new markets, a well-established model of interaction with the fuel and energy market is transferred to the subsidiary. This step takes into account the interest of customers in using the best solutions available on the market and attracting external experts with high industry competence, "commented Ivan Mugalev, CEO of OT-Oil.
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Sergey Kurnosov, who previously held the position of Deputy General Director of OT-Oil and oversaw sales on the fuel and energy market, was appointed Director of Element 5 Neftegaz. A number of key business experts specializing in consulting projects have also been transferred to the subsidiary.

The rights to software and responsibility for fulfilling obligations under previously concluded contracts remain with OT-oil, but both companies work with a joint pool of resources under a single portfolio of contracts.

2007: Foundation of the company

The official founding date of the company is 2007.