At the meeting of the Interdepartmental Working Group on Implementing the Priorities of Innovative Development of the Presidium of the Council under the President of the Russian Federation for Modernization of the Economy and Innovative Development of Russia, the final assessment of the quality of the Zarubezhneft’s Innovative Development Program for 2016-2020 updating was approved (with a perspective up to 2030).

The innovative development program of Zarubezhneft JSC (IDP) has received the highest rating (99.4% out of 100%) and took the leading place among the companies with state participation.

The Innovative Development Program was developed and approved by the Board of Directors of Zarubezhneft JSC within the framework of the execution of the executive order of the Government of the Russian Federation.

The program is fully integrated into the Company’s strategic documents system and is aimed at enhancing the role of managerial and technological innovations in terms of achieving its strategic goals, including the improvement of the existing and prospective projects development efficiency, and the achievement of significant results in implementing Zarubezhneft’s key technological priorities.

For reference:
The innovative development program of Zarubezhneft JSC is aimed at maximizing the efficiency of the fields being developed and involves focusing on the priorities of the Company’s innovative development:

hydrophobic carbonate reservoirs,
thermal methods for extracting high-viscosity oil,
as well as complex reserves and assets with out-of-balance development system.

The program is a complex of interrelated measures aimed at achieving a synergistic effect through the development of Zarubezhneft’s own efficient technologies, testing technological solutions existing on the market, and implementing production efficiency enhancement programs in terms of increasing the level of rational use of APG to 95% and reducing energy consumption to 9,5%.