Global trends and their impact on the Gazprom Neft strategy
Significant changes in the global energy sector place high demands on the efficiency, speed and flexibility of the companies in the sector.
Gazprom Neft’s development strategy to 2030 is driven by the key trends in the energy sector and industry.
We strive to be proactive in responding to change and are closely engaged in shaping markets, technologies and influencing the environment.
| Global trend | Description | Challenge for the industry | How the company is responding |
|---|---|---|---|
| Increasing pace of external change | Major changes in market, technological, social and regulatory factors that have a continuous and hard-to-predict impact on the operating environment of the company. |
| New technologies, digitalisation and operational transformation enable the company to make the best decisions, and improve performance and viability across the entire value chain, both in the upstream and downstream segments. For details, see the Strategy 2030 section |
| Growing competition in traditional markets | Competition among companies in various sectors for consumers, resources and economic value drives the number, quality and diversity of energy resources and related products and services. |
| Gazprom Neft is a technology flagship in the Russian oil industry. It has experience in implementing projects that are unique in Russia and globally, including the only Arctic oil platform in the world and construction of complex infrastructure in permafrost conditions. For details, see the Technological Development section |
| Growing technological complexity of the business | Growing complexity of energy production, processing and transportation technologies. This is in the context of the gradual depletion of reserves, technological progress and increasingly tight requirements for processes and products in the energy sector. |
| Gazprom Neft is continuously increasing the proportion of high-technology projects in its portfolio, using best practices and technologies in geological exploration. 3D-modelling systems, cloud technologies, big data, and artificial intelligence deliver vast improvements in efficiency. The company is also developing its own proprietary technologies, such as those for the Bazhenov Formation. For details, see the Resource Base and Production section |
| A growing role for digital technology across multiple sectors | Rapid development of data acquisition and processing technologies, which helps to substantially improve and transform production and management processes. |
| The company’s digital transformation covers the entire value chain. It is intended to improve the flexibility and efficiency of business management. Gazprom Neft is developing its own solutions in artificial intelligence, the Industrial Internet of Things, robotics, unmanned aerial vehicles, and other Industry 4.0 technologies For details, see the Digital Transformation section |
| Growing relevance of environmental and social factors | Greater requirements, standards and community demand for the safety of people and processes, environmental and other social aspects of the business. |
| As a socially responsible company, Gazprom Neft is putting in place an HSE strategy based on international best practice. The company is committed to sustainable development values and is engaging effectively with its stakeholders. For details, see the Sustainable Development section |