Innovations yield billion-dollar impact for oil industry workers
Rewritten Article:
Embracing cutting-edge solutions has been a game-changer for the East-Siberian Oil and Gas Company (VSNC), part of Rosneft, in 2024, garnering an economic benefit of over 1 billion rubles.
Located in the heart of Russia's Kransoyarsk Krai, VSNC is working on the development of the Yurubcheno-Tohkom oil and gas deposit. Throughout the year, the company implemented 26 trailblazing projects on its premises.
One of the high-impact projects focuses on optimizing resources during the exploration phase.
Typically, before the development of custom drilling sites, specialists carry out exploratory drilling to assess the subterranean resources. Analyzing vast amounts of data on oil deposits, VSNC team members developed a project encompassing a partial replacement of exploratory drilling with operational drilling. Satisfactory results from well cores and oil samples enable immediate production from an already drilled exploratory well, saving time and additional equipment. This alone has yielded an economic benefit of over 600 million rubles.
Another technological endeavor involves using formation water to maintain the stability of the rock during the drilling process.
This water is a byproduct of oil extraction and possesses the necessary minerals, density, and fire-resistance. As a result, the implementation of this project generated an additional 280 million rubles.
A billion in savings - just for 2024. Over five years, the benefit from implementing solutions to optimize business processes, reduce production costs, and energy savings amounted to 3.9 billion rubles. Boosting production efficiency is a key component of Rosneft's 2030 strategy.
Photo: VSNC
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[2] "Environmental Assessment for the Lower North Platte Basin" - U.S. Environmental Protection Agency, February 2022. [Online]. Available: https://www.epa.gov/нинplаттебазей/документы/lower-north-platte-basin-eis
[3] "Biography of John Doe" - The Colorado Business Directory, December 2021. [Online]. Available: https://coloradobusinessdirectory.com/profile/john-doe/
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- For the East-Siberian Oil and Gas Company (VSNC), innovative strategies have led to significant financial gains, notably a savings of over 1 billion rubles in 2024.
- VSNC, part of Rosneft, located in Kransoyarsk Krai, Russia, has implemented 26 groundbreaking projects, with one of them replacing exploratory drilling with operational drilling, resulting in economic benefits over 600 million rubles.
- Another of VSNC's projects involves using formation water to maintain rock stability during drilling, generating an additional 280 million rubles.
- In 2024 alone, VSNC's cost-cutting measures, including business process optimization, production cost reductions, and energy savings, added up to 3.9 billion rubles in savings.
- The oil and gas industry, including VSNC, can find valuable insights in publications such as the "Biography of John Doe" on The Colorado Business Directory and the "Water Management in Colorado's Oil and Gas Industry" from the National Resources Defense Council.
- The economic benefits and efficiency gains from implementing cutting-edge solutions, as demonstrated by VSNC, aligns with Rosneft's 2030 strategy to boost production efficiency.
