Improving the economic efficiency of oil productionat the “Gazpromneft-Khantos” fields

Abstract

Aim. As part of a large-scale business transformation, Gazprom Neft is implementing new approaches to improving economic efficiency. One of such approaches is the launch of the “Renovation” project program, the purpose of which is to achieve maximum profitability of the basic well stock. The article describes the results of the study and formation of a set of measures to improve the economic efficiency of oil production at the fields of Gazpromneft-Khantos. Materials and methods. The key feature of “Renovation” is that the goal setting and the formation of key performance indicators of project teams are made not from the previously achieved result, but from the potential. To do this, a detailed technical and economic analysis of the factors affecting the profitability of oil production is first carried out, and the potential for increasing profitability is determined. After that, hypotheses are worked out to increase the economic efficiency of production and a set of measures is formed to realize the identified potential. The cross-functional teams of the “Renovation” program projects are formed around the core-team that includes specialists in geology, development, production, engineering, energy management, economics and IT. This allows teams to solve non-standard tasks in a short time, in a complex way, without attracting external leverage, which is an absolute competitive advantage. Results. The program of optimization measures developed by the cross-functional team of the Renovation project will provide the potential for the growth of the profitability of Gazpromneft-Khantos in the period from 2021 to 2030. Conclusions. The article presents the developed and implemented cases on reducing operating costs in various areas — geology and reservoir engineering, energy efficiency, oil production technologies, downhole operations and hydraulic fracturing, oilfield chemistry.