Vostsibneftegaz Achieves Over RUB 1 Billion in Economic Gains from Advanced Technologies in 2024
East Siberian Oil and Gas Company (VSNK, part of Rosneft’s upstream division) generated over RUB 1 billion in economic benefits in 2024 through the implementation of innovative projects aimed at enhancing production efficiency.
Over the course of the year, VSNK specialists introduced 26 cutting-edge solutions. One of the most impactful projects involved optimizing resources allocated to exploration activities. During the development of cluster drilling pads, which typically require exploratory wells for preliminary geological assessment, VSNK experts analyzed extensive subsurface data and proposed partially replacing exploratory drilling with production drilling. Core samples and oil tests returned satisfactory results, enabling the company to proceed directly to production from an already drilled well — saving both time and operational resources. This initiative alone resulted in over RUB 600 million in cost savings.
Another innovative approach was implemented at the Yurubcheno-Tokhomskoye field, where formation water — a by-product of oil production — was used to stabilize rock formations during drilling. The water’s natural mineralization, density, and fire safety properties made it an ideal substitute for conventional fluids. This project delivered an economic benefit of RUB 280 million.
Over the past five years, Vostsibneftegaz has implemented 80 projects aimed at optimizing business processes, reducing production costs, and promoting energy-saving technologies. The total economic impact of these initiatives exceeded RUB 3.9 billion.
Systematic efforts to improve operational efficiency are a cornerstone of Rosneft’s “Strategy 2030”. The company continues to pursue structured cost reduction programs across production assets, with a strong emphasis on advanced technological solutions.
