Our mission is to exploit producing oil & gas fields in Russia and abroad ensuring a maximum effective and integrated recovery of hydrocarbon resources.
Zarubezhneft JSC Corporate Development Strategy until 2030 was approved by the Board of Directors in 2014 (Minutes No. 85 dated June 26, 2014). According to the strategy, the Company is mainly focused on the Upstream segment, where Zarubezhneft JSC focuses on the fields where the Company can expand existing competencies, namely, the fields with an out-of-balance development system and the fields with complex reservoirs similar to those developed in the regions of presence.
3 stages of Corporate strategy implementation:
| 2014-2016 | |||
Stage I "Preparing for growth"
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2017-2020 | ||
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Stage II "Readiness for growth and first successes"
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2020-2030 | ||
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Stage III "Intensive growth"
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Taking into account the objectives set for Stage 2 of the Corporate Strategy implementation, the Management determined 4 strategic focal points of the Company’s development and elaborated Strategy Development Programs:
- The Technological Leadership Program represents a set of projects and initiatives aimed at developing key technological competencies to improve the current assets performance and implement international expansion;
- The Expansion Program includes a set of project objectives for searching, evaluating and entering new projects as well as creating efficient tools of the project searching and evaluating, and mechanisms for efficient work in new countries and regions;
- The Corporate Evolution Program is aimed at creating a flexible, adaptive business system for efficient work with underlying assets and quick integration of new assets providing maximum speed and flexibility in the management, execution and decision-making processes;
- The Talent Management Program includes objectives for creating a personnel reserve and rotation programs for key positions to staff new international projects.