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Gazprom Neft becomes the 1st company in Russia to switch to digital inventory reporting

Gazprom Neft becomes the 1st company in Russia to switch to digital inventory reporting

St.Petersburg, July 16 - Neftegaz.RU. Gazprom Neft, in conjunction with the Russian Federal Geological Fund (Rosgeolfond), has launched a digital submissions system for reporting changes in hydrocarbon reserves (“inventory reporting”).

12 Gazprom Neft subsidiaries have been able to submit reporting data to the State Register of Mineral Reserves in 2020, using this system. Other subsoil users will be able to migrate to this new format from 2021.

A pilot project for submitting information and data through State Statistical Oversight Form No. 6-GR electronically was undertaken by Gazpromneft-Noyabrskneftegaz in 2019. This information and data had, previously, been prepared in hard copy, involving every business in preparing thousands of pages.

Uploading of data and all subsequent interactions with government agencies can now take place online, through the subsoil user’s personal account. Rosgeolfond checks the validity of the electronic documents received and, assuming these comply with all requirements, confirms acceptance of reports.

The launch of this system has cut the time spent in compiling, submitting and verifying documentation, as well as in simplifying interactions between subsoil users and government agencies.

Gazprom Neft and Rosgeolfond are now continuing their work on developing the service. Going forward, it will help optimise the storage of geological and geophysical data sources, as well as facilitating quick search facilities on technical information, and access to this.

“The competitiveness of the oil and gas industry largely depends on the pace of its digital transformation — which offers the opportunity to increase processes’ speed and efficiency, as well as increasing volumes and accuracy in data processing. This project, on digitising subsoil usage, developed by Gazprom Neft with Rosgeolfond and Gazprom Neft Science & Technology Centre, is making it possible for us to move towards a fundamentally new level of engagement between oil and gas companies, and government”, said Yuri Masalkin, Director for Geological Prospecting and Resource Base Development, Gazprom Neft.

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