We look beyond the surface we are focused experienced explorers with extensive technical and industry knowledge. Exploration activities are intended to provide more information – our job is to then decide what that information might mean.
We have self belief and passion. We are not afraid of a challenge what is important is not being afraid to try to continually learn and our strategic goals related to replenishing the resource base and increasing the recovery factor at existing oilfields.
We are investing in prospective regions both in Russia and
abroad, preparing the raw material base for production and ensuring that levels of production increase rapidly. The Company uses modern technology in its exploration work, which ensures growing efficiency of exploration. The success rate in prospecting and exploration drilling by the Group is about 64%.
The upstream sector is a strategically important part of the vertically integrated holding company Rosneftekhim ensuring smooth operations of the entire Company.
Rosneftekhim expects its portfolio of discoveries, prospects and leads to deliver further value in the longer term. We plan to continue its exploration program in order to take advantage of the significant possible reserves and contingent resources in the region. We effective ways of associated gas utilization. Rosneftekhim is environmentally and socially oriented and endeavors to be a good corporate citizen. We implement the requirements and approaches of world's best corporate governance practice within each of our subidiaries.
However, the presence of the trap does not mean the presence of oil or gas deposits. Identify the total number of detected structures are those that are most promising for oil and gas drilling without help hydro geochemical research methods bowels.
Oil and Gas Production
In 2015 Rosneftekhim once again achieved a high rate of growth of oil production and became a leader of the Russian oil industry in this respect due to oil production growth, as well as our assets in its new oil-producing clusters. Average daily production amounted to 740 thousand barrels per day.
This year, Rosneftekhim boosted oil production by 7.4% compared to 2014 through highly efficient geological and engineering operations and the use of modern technologies.
Production growth and engineering operations, thousand tonnes
Optimization of pumping equipment
Development of overlying or underlying formations
The efforts we have made over the last few years resulted in
a greater share of highly efficient drilling. In 2015 the Group more than doubled the amount of production drilling, both by drilling new wells, and due to the performance increase of Rosneftekhim
The Company commissioned 112 new wells, including 94 newly drilled wells, which is 65 wells more than in the previous year. Following the strategy for improving drilling efficiency, which involves avoiding drilling inefficient and uneconomic wells.
We plan to achieve further production growth through:
Maintaining the average production rate of new wells
Increasing production drilling and subsequent commissioning of new wells
Improving the quality of planning of geological and engineering operations