About The Company

Berezkagaz Irtysh Oil and Gas company is focused on building partnerships, long-term, productive, trusting and mutually beneficial relationships with stakeholders, i.e. stakeholders, investors, employees, the public, suppliers and contractors, consumers, the business community and government agencies.

Berezkagaz Irtysh Oil and Gas company builds relationships with stakeholders and government authorities in the regions where it operates based on the principle of corporate social responsibility. The projects implemented by the companies activate local enterprises, the social sphere, personnel, infrastructure, and also help to increase the investment attractiveness of the regions.

The Company adheres to an integrated approach to solving social issues and managing social investments. When determining specific objects and activities for financing, the Company gives preference to social and infrastructure projects with maximum social efficiency and a direct impact on the quality of life of residents of the regions where the Company operates, including employees of the company.

The company ensures fiscal stability in the country and its regions, which helps the government to pursue a balanced state socio-economic policy.

Our strategy takes into account UN Sustainable Development Goals and the priorities of development, and sets 3 key priorities: increasing business profitability and returns from core assets, focus on the key project’s implementation, and rapid replication of the new technologies to ensure a step change for the Company addressing technological opportunities.

In addition, the strategy includes goals aimed at human resources development, ensuring the regions’ social well-being and minimizing the negative environmental impact. We base our strategy on building a business that takes into account the highest requirements in Health, Safety and Environment. Berezkagaz Irtysh aims to take a leading position among the world’s oil and gas companies in terms of key indicators in this area by 2025.

The development of resource potential and the rational development of subsoil resources, with strict observance of environmental safety standards and the widespread introduction of modern technologies is one of the key priorities of the Company. Berezkagaz Irtysh performs oil and gas exploration works in all regions of subsurface management in the central part of Russia.

Berezkagaz Irtysh surpasses its competitors in efficiency of the performed exploration works: it is the leading company among the comparable public international oil and gas companies in terms of systematic increment of reserves, reserves replacement rate (89% as per SEC classification), including systematic reserves replacement rate without consideration of acquisition and reserves life. The proven hydrocarbon reserves life of Berezkagaz Irtysh as per SEC classification was estimated at 13 years.

Talap is among the Russia’s largest producer of liquid hydrocarbons among the public oil and gas companies.

In the short-term Petroleum Technologies intends to ensure up to 75% of success in oil and gas exploration works, essential improvements in operating procedures of exploitation drilling and side- tracking at the current level of economic efficiency.

The efficient portfolio management of the assets in extraction industry as well as investments in new field developments allows Petroleum Technologies maintaining a stable current and long-term growth in hydrocarbon production.