Digitalization of new projects search and assessment process in Zarubezhneft JSC

UDK: 681.518:622.276

DOI: 10.24887/0028-2448-2022-3-78-81

Key words: new assets search, projects assessment, optimization

Authors: A.A. Kozhemyakin (Zarubezhneft JSC, RF, Moscow), D.V. Turchanovskiy (Zarubezhneft JSC, RF, Moscow), M.A. Gladkov (Zarubezhneft JSC, RF, Moscow), S.V. Lomovskikh (Zarubezhneft JSC, RF, Moscow)

This paper presents the results of optimisation of new projects search and assessment process in Zarubezhneft JSC by developing of information system that allows to organize a single digital space with data of evaluation, monitoring the status, comparing of projects, and managing portfolio. The main point of growth of efficiency of oil and gas companies is not only the ability to operate existing assets (increasing production, optimizing and / or reducing costs, new technologies, etc.), but also acquisition of new ones. Zarubezhneft JSC has a strategic goal to increase annual level of production from oil and gas projects by more than 12 million tonnes of oil equivalent by 2030. Achieving this goal is impossible without expanding the Company's current portfolio by entering or acquiring new projects. To solve this problem, in 2018, Zarubezhneft JSC initiated an IT project to digitalize the process of searching and evaluating new projects, which meets the numerous strategic interests of the Company. It was created a concept and Nestro Terra information system. Nestro Terra is an information system that has database for storage and processing of evaluation results of new projects. System also allows to get the necessary up-to-date information about projects, monitor current state of processes and perform feasibility benchmarking. In the period 2019 - 2021 the Company managed to enter a number of projects in the Russian Federation and abroad (Egypt, Indonesia, Vietnam), which are at different stages of the life cycle (geological exploration, Greenfield, Brownfield), as well as actively using information system Nestro Terra.