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Gazprom Neft becomes the 1st Russian company to switch to full digital reporting of its reserves

2021 has seen all of Gazprom Neft’s upstream enterprises move over to full digital reporting of revised hydrocarbon reserves, for the 1st time

Gazprom Neft becomes the 1st Russian company to switch to full digital reporting of its reserves

St.Petersburg, July 13 - Neftegaz.RU. An online data-interchange system between government and upstream companies has been put in place and is now being deployed by Gazprom Neft and the Russian Geological Fund (Rosgeolfond).

This data has, hitherto, only been prepared in hard copy, and required thousands of pages for every company involved.
Launching this system has made it possible to speed-up document transfer and verification, as well as simplifying interaction between participants involved in the process.

Dmitry Arakcheev, Head of Rosgeolfond, noted:
  • Rosgeolfond is working proactively on digitising hydrocarbon resource-base reporting and record keeping
  • We are, at the moment, developing a solution to collate the 6-GR Form and hydrocarbon reserves evaluations electronically
  • This digital platform will make interaction between government and subsoil users more efficient and transparent, reduce errors, cut companies’ labour costs, and simplify upstream companies’ work
Gazpromneft-Noyabrskneftegaz was the 1st company to submit information in this new digital format, in 2019.
Following improvements in 2020, 12 Gazprom Neft subsidiaries have now submitted information on changing reserves (using electronic signatures) to Rosgeolfond.

Following the move to a digital platform in 2020 the company has seen a 70% reduction in paper consumption in submitting regulatory reports.
All Gazprom Neft subsidiaries have made the move to digital reporting this year.

A digital model added in 2021 now allows all participants involved in the process to exchange geophysical data and statistics on oil, gas and condensate reserves with a single click, in full compliance with all security policies.

Yuri Masalkin, Director for Geological Exploration & Resource-Base Development of Gazprom Neft, said:
  • This project on digitising subsoil use has already delivered a fundamentally new level in interaction between oil and gas companies and government
  • This has proved an advantage during the pandemic, allowing a significant amount of work - in terms of data submission and reserves evaluation - to be done remotely
Going forward, product functionality will be further enhanced with services to optimise the storage of geological and geophysical data, allow swift document searching, and automate the process of preparing materials for reserves evaluation.

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