Capital Construction

Capital construction expenses make a significant portion of the oil field development costs.

The Company’s Science and Technology Center evaluates all the capital construction projects within Gazprom Neft, monitors quality of engineering documentation and builds a database of replicable off-the-shelf solutions.

One of STC’s objectives is to develop a capital construction pricing system.

Seeking to minimize risks at early project phases, Gazprom Neft has set up a uniform cost engineering system that helps the Company make the most reasonable decisions. This system was built off the database containing the accumulated information on technical and economic parameters of different projects. Capital and operating expenditure assessment tools developed by the Company are employed by cost engineers and technical staff for implementation of Gazprom Neft’s Technology Strategy.

The other key objective that STC pursues is standardization and harmonization of capital construction projects within the perimeter of all Gazprom Neft’s subsidiaries. Introduction of unified corporate solutions helps speed up the development of engineering documents and further construction operations.

STC’s capital construction specialists are working on one of the programs of Gazprom Neft's Technology Strategy – Field facilities construction in severe climatic and geographic areas. This program involves search for new technologies that will help speed up construction, minimize risks and environmental impacts, and reduce the cost of construction and subsequent operation of the facilities.