Strategy Decision and portfolio Assets Analysis Instrument – Permanent Model of On-Line Reserves and Resources Monitoring

The effectiveness of reserves and resources management depends on the full performance about resource base of the Company, its development history, current status and future prospects. Existing methods of data evaluation and analytics are not interconnected between each other and provided in the different systems by the various specialist's background.

The volume of information is increasing yearly despite production conditions are getting complicated. The only method to save the cost production level is enhancing business process of the Resource base Management efficiency.

In response to the complex needs of the oil and gas industry, it became necessary to use a single software solution for strategic decision making based on resource base analysis. Russian and foreign markets analysis showed the lack of software that is fully complies with the business needs. This fact encourage Gazprom Neft to develop its own IT solution for managing the company's reserves and resources: “Permanent model of on-line reserves and resources monitoring”.

For “Gazprom Neft”, the constant growth of the level of technological development, as a means to solve specific business problems, to strengthen the competitiveness of the company, is one of the key priorities.