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Gazprom Neft continues its development of strategic partnerships with leading higher educational institutions

Press-release Technology Partnership

Gazprom Neft and Tyumen State University have confirmed a programme of cooperation for 2019–2020 — this additional agreement having been signed during this year’s St Petersburg International Economic Forum, by Gazprom Neft First Deputy CEO Vadim Yakovlev and Rector of Tyumen State University Valery Falkov.

On the photo (from left to right): Rector of Tyumen State University Valery Falkov and Gazprom Neft First Deputy CEO Vadim Yakovlev

Gazprom Neft is continuing the development of its partnership with Tyumen State University as part of its strategic cooperation with the country’s leading specialist educational institutions, with the company planning to provide resources directed at improving the quality of the University’s educational infrastructure over the next two years, including in major refurbishment of buildings housing the UTMN Polytechnic School and the School of Advanced Studies.

Gazprom Neft First Deputy CEO Vadim Yakovlev commented: “Current trends in the development of the oil industry demand highly qualified specialists, able to cope with the challenges of our time and solve multidisciplinary challenges in project implementation. Training such personnel requires the latest available educational techniques, as well as continuous improvement in educational programmes. And this is precisely what our joint activities with major Russian universities are all about.”

Tyumen State University Rector Valery Falkov added: “Our cooperation with Gazprom Neft is an example of successful university and business collaboration. The company’s support means we can develop new and promising areas, and apply innovative educational technologies, ensuring our graduates can take their rightful places in the economy of the future.”

Gazprom Neft has been supporting the development of the Tyumen State University Polytechnic School since 2016. Specialists at the institution are trained in conceptual engineering,* enabling them to create integrated projects for field development. This educational programme has been developed with the support of the oil company’s leading experts, and is based on the principles of Conceive, Design, Implement and Operate (CDIO) training, with company specialists involved as teachers at the Polytechnic School. The first class of students on the two-year “Conceptual Engineering for the Oil and Gas Industry” master’s programme began their studies at Tyumen State University in 2016, with Gazprom Neft guaranteeing all graduates priority consideration in its recruitment for specialist roles.

Notes for editors

* Conceptual engineering is the process of determining the most effective basis for developing a project (in terms of technical specifications and financial criteria), to optimum financial advantage. An integrated project envisages full project management throughout all stages of exploration, development, field development and operation, the procurement of appropriate technology and equipment, and the preparation of feasibility studies to ensure a viable return on investment.

Gazprom Neft is a vertically integrated oil company, primarily involved in oil and gas exploration and production, refining, and the production and sale of oil products. The Gazprom Neft’s corporate structure comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad.

The company’s proved and probable reserves (SPE-PRMS) are estimated at 2.78 billion tonnes of oil equivalent (btoe), making Gazprom Neft one of the top-20 largest oil and gas companies in the world, and one of Russia’s top three largest companies in terms of production and refining volumes. Total production in 2017 reached 89.75 million tonnes of oil equivalent (mtoe), with refining volumes of 40.1 million tonnes.

Gazprom Neft products are exported to more than 50 countries worldwide, and sold throughout the Russian Federation and abroad. The company’s filling station network totals more than 1,850 outlets throughout Russia, the CIS and Europe.

Gazprom Neft’s net profit in 2017 was RUB253 billion — a 26.5-percent increase year-on-year. The company is an industry market leader in terms of both financial growth and various efficiency metrics, including its internal rate of return (IRR).

The company’s main shareholder is Gazprom PJSC, which has a 95.68-percent interest, with the remaining shares in free circulation.