Page 18 - FSUOGM Week 29

FSUOGM NEWS IN BRIEF FSUOGM

RUSSIA engineering surveys. to reach more than RUB30bn.
This 3D cluster-pad model reflects the Catalysts are essential in the
Russian Gazprom maintains local terrain, as well as the configuration hydrotreatment of diesel fuels to the Euro-5
environmental standard. Gazpromneft-
of engineering networks, pipelines,
dividend policy after loss in architectural and structural elements and Catalytic Systems’ product can be used for
longer than other alternatives on the market
other field surface facilities. The digital copy
1Q20 also includes a range of non-graphic data, — as a result of which, spent catalysts need to
be replaced less frequently, improving energy
including attribute-based information on the
Russian natural gas giant Gazprom reiterated facility being designed. efficiency in production, and reducing
its dividend policy in a management call Representatives from this regulatory environmental impacts.ith partners, and help
following the publication of 1Q20 IFRS body (i.e., Glavgosekspertiza) checked data establish best practices.”
results. compatibility between the 3D-model and
As reported by bne IntelliNews, Gazprom hard-copy project documentation, as well GAZPROM NEFT
posted the first quarterly loss since 2015 as compliance with the agency’s standards
in Q1, as the coronavirus (COVID-19) and regulations. The outcomes of work on Erell expects business
pandemic caused its European sales to the pilot 3D model of the Ety-Purovsky
collapse, and ruble devaluation led to hefty cluster-pad will be taken into account in the boost in H2 2020 after
foreign exchange losses. department developing its requirements in
Despite acknowledging that the gas terms of informational models subsequently weathering the Covid-19
industry is “facing the most difficult accepted for examination. On which basis,
situation” it has seen “in a long time”, the Gazprom Neft’s pilot project marks the first storm
management said it has a "commitment to step in digital technologies being used in
the new dividend policy despite challenging government oversight of capital construction Vitaly Dokunikhin, First Deputy Chairman of
markets" with a 40% payout on 2020 net projects in the oil and gas industry. the Management Board of Eriell, the oilfield
income. “We have been using digital modelling services group, has reported the group’s
"This is in-line with our expectations, — at all stages of field development, from successful navigation through the Covid-19
but we continue to believe investors are exploration to construction of surface crisis and predicted a resumption of growth in
skeptical of Gazprom’s willingness or ability facilities — for some time now. This means the months ahead.
to fully abide by the new policy," BCS Global we can improve process quality — including Speaking on a Russian-language webcast
Markets commented on July 15. in the consistency of design documentation, on July 16, Dokunikhin, who is also CEO
Although Gazprom's financials will and in controlling lead-times for this," of Eriell Russia, said a joint effort by the
be strongly pressured in 2Q20-3Q20, Gazprom Neft deputy CEO Vadim Yakovlev Russian government, contractors and
investors "may be pleasantly surprised by the said. "Gazprom Neft tries to pursue a employees enabled the company to protect
dividends for 2020 next spring," BCS GM trajectory of development in its work, and its business and weather the storm. He said
believes. strives to be an industry leader, including in the pandemic forced Eriell to slow some
On European gas supplies management integrating digital solutions into production operations and to relocate others, but the
maintained the same guidance, expecting processes. Which means we are always company focused on minimising adverse
167bn cubic metres (bcm) of European willing to share our experience with partners, effects, as well as carefully managing client
exports. BCS GM forecasts Gazprom to and help establish best practices.” relations and working capital. Recent oil
ship 150bcm, and believes that downgrades price improvements have now provided a
of management guidance are "quite likely, GAZPROM NEFT solid platform for the company to perform
perhaps as soon as the 2Q20 call in late well in the third quarter and further into the
August”. Proprietary diesel-fuel year, he added.
Gazprom is also looking to reduce “There were crises before: in 2008-9 and
operating costs and capital investment, with hydrotreatment catalysts later in 2015-16,” he said. “We managed then
capex expected to decline from RUB1.6 and we learned some lessons of how to deal
trillion this year to RUB1.3 trillion. now being used at Gazprom with crises. That was very useful.”
Dokunikhin cited industry estimates
Neft that oil production in Russia for 2020 will
Gazprom Neft becomes Gazpromneft-Catalytic Systems, operator have declined by 8.5% and drilling by 15.2%.
This led to some contract revisions, cost
producer to provide FAI of the company’s catalyst business, has reductions and payment extensions. But
ultimately relatively few adjustments had
supplied a commercial batch of diesel-
Glavgosekspertiza with a fuel hydrotreatment catalysts to the Omsk to be made, he said. He attributed this to
Eriell’s diverse customer base and to the
Refinery — this 35,000-tonne consignment
3D simulation of surface being intended for use at a diesel-production company’s experience in some of the harshest
hydrotreatment facility at the refinery. Test
environments, from the High Arctic to hot
facilities results show this catalyst to demonstrate deserts. He also noted Eriell’s solid reputation
among oilfield services companies with some
high activity, allowing a longer service life
In a first-ever event for Russia’s oil and in comparison with foreign alternatives. of the best drilling crews in the industry.
gas industry, Gazprom Neft has provided Gazprom Neft began active construction He noted some of the challenges posed
a proposal on oilfield surface facilities for of its cutting-edge catalyst facility in 2019. by the Covid-19 crisis. “It was not easy, but
review by Glavgosexpertia Russia in digital Future output will be 21,000 tonnes of with the help of our contractors we were able
format — a 3D information model of a catalysts per year, including 4,000 tonnes of to organise testing for our personnel and to
cluster-pad (well-pad) at Gazpromneft- hydrotreatment catalysts — enough to cover change schedules of work, so it continued
Nopyabrskneftegaz’s Ety-Purovskoye field demand from Russia’s oil industry, in full. without too much interruption."
being submitted in addition to design Construction is expected to be completed in
documentation and the outcomes of 2021, with investment in the project expected ERIELL

P18 www. NEWSBASE .com Week 29 22•July•2020