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Zarubezhneft

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+ Zarubezhneft

OJSC Zarubezhneft is the largest state oil company in Russia. Since 1967, Zarubezhneft has been engaged in the development and implementation of projects for integrated exploration and development of oil and gas fields abroad, the construction of oil infrastructure facilities, work on improving oil recovery, and the supply of equipment and materials.

Zarubezhneft has implemented large-scale oilgas projects in more than 30 countries of the world, including,,,,,,,,, and Algeria Angola Vietnam Yemen India Iraq Iran Cuba others Libya. Syria The company's activities are aimed at the development of oil production, oil refining and innovative projects in the countries of Southeast,,,, Asia Latin Europe Middle East Africa America, the Commonwealth of Independent States () and c. CIS of the Russian Federation

Zarubezhneft is an open joint stock company, 100% of whose shares are in federal ownership. The Company is included in the list of strategic enterprises of the Russian Federation.

Information technologies at Zarubezhneft

2021: Digital Transformation Strategy Approval to 2024

Zarubezhneft became one of the first state-owned companies to approve the 2021-2024 Digital Transformation Strategy at the Board of Directors. in accordance with the provisions of the directives of the Government of the Russian Federation of 14.04.2021 No. 3438p-P13. Prior to that, the draft Strategy, finalized according to the updated Methodological Recommendations for the digital transformation of state corporations and companies with state participation, was agreed with the Ministry of Energy of the Russian Federation and the Ministry of Digital Development, Communications and Mass Media of the Russian Federation. This was announced on August 26, 2021 by representatives of Zarubezhneft to TAdviser.

Zarubezhneft approved a digital transformation strategy until 2024
Photo source: Fneftegaz.ru

Digital transformation is one of the national development goals countries until 2030 according to Presidential Decree No. 474 of 21.07.2020. One of the targets characterizing the achievement of the national goal is a high level of "digital maturity" of key industries economies and the social sphere, as well as an increase in investments in domestic solutions in the field of information technology.

Zarubezhneft's digital transformation strategy is focused on improving the efficiency and competitiveness of the company in Russia and abroad and is aimed at contributing to the achievement of the digital maturity of the fuel and energy complex in Russia. The implementation of the digitalization strategy covers all 39 subsidiaries of the Zarubezhneft Group of Companies. The key initiatives of Zarubezhneft in the field of digital transformation are grouped into comprehensive programs: digital field, digital project assessment, digital office and digital competencies of personnel.

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The digital transformation strategy meets all the challenges and is tied to the goals of the strategic and innovative development of Zarubezhneft. The company has a system of motivation for employees involved in improvement projects, including within the framework of digitalization. In addition, it is extremely important for us to develop the digital competencies of all employees of the company. According to our preliminary estimate, the volume of additional revenues and cost reduction due to the implementation of the digital strategy will amount to 2 billion rubles.
said Sergey Kudryashov, General Director of Zarubezhneft JSC.
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Starting from 2020, Zarubezhneft began implementing the second stage of the digital transformation strategy "Digital Harmony," the key tasks of which are to ensure the quality and consistency of information, its interrelation in various information systems, and the creation of a single information space for the Company. Also at this stage, digital initiatives are being developed using "end-to-end" technologies and pilot projects are being launched. The priority areas for the development and implementation of "end-to-end" digital technologies are machine learning technologies, big data processing, "digital twins" and artificial intelligence.

Among the key projects in Zarubezhneft are the creation of an operational monitoring center - an asset coordination tool that provides calculation of key performance indicators of the company's subsidiaries, visualization of these indicators and automated reporting. Digital Core Project (a tool for determining filtration characteristics for calculating waterflooding modes and selecting chemical-physical injection agents for increasing oil recovery), Nestro Data (a digital platform for enterprise data management), software robotization of production and support processes, and a number of others.

In the field of work with artificial intelligence, the company is implementing and planning projects to search for missed formations, digital transformation of well repair, search for analogues, collection and analysis of internal information in the field of oil production, planning, etc. According to Zarubezhneft estimates, the share of digital transformation initiatives using AI as a key technology should grow to 35% by 2024.

2020: Preparation and implementation of Zarubezhneft's transition to domestic software

History

2022

Acquisition of Statoil and Total stakes in Kharyaga field

In July 2022, the Cabinet of Ministers of the Russian Federation ordered the transfer of Zarubezhneft's stake in Statoil in the Kharyaga field of 30% and the share of French Total of 20%.

Temporary problems with the sale of oil against the background of Russia's special operation in Ukraine

In March 2022, Zarubezhneft's tender for the sale of six batches of Urals oil was declared invalid, since none of the buyers responded to the offer.

The total volume of oil offered for sale was 600 thousand tons with shipment in the second quarter.

The tenders were originally due to take place at the end of February. The company later pushed the end of its filings to March 9.

Earlier, Surgutneftegas faced problems in selling oil on the spot. In particular, in early March, the company put up for sale eight batches from the Baltic ports of Transneft, but none of the buyers even entered the tender.

Buyers cannot find tankers to ship raw materials, as shipowners are afraid to carry out operations related to Russian oil amid Russia's special operation in Ukraine.