The Company has paralleled expertise operations, which allows minimizing risks associated with the development of new fields and shorten new project lead times. Proximity to export markets and own transportation infrastructure reduces the transportation expenses and improves cost efficiency of operations in the region targets for exploration. Oil and gas exploration encompasses the processes and methods involved in locating potential sites for oil and gas drilling and extraction. Early oil and gas explorers relied upon surface signs like natural oil seeps, but developments in science and technology have made oil and gas exploration more efficient. Geological surveys are conducted using various means, from testing subsoil for onshore exploration to using seismic imaging for offshore exploration.
Oil & Gas Processing
The Company’s gas processing plants processed 411 and 406 mln cubic meters of gas, respectivel. We produced 395 mln cubic meters of dry stripped gas, 756,000 tonnes of light hydrocarbon fractions, 188,000 tonnes of ethane fraction and 42,000 tonnes of sulphur.
Petroleum Universe carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results, driven by the advanced exploration techniques and selection of the most promising areas based on research results. To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting seismic data continued. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. At the design stage, finite-difference modelling of the wave field is carried out to select the optimal parameters of the seismic survey.