The specialists of Kondaneft Oil Company JSC (a subsidiary of Rosneft) have successfully tested high-voltage submersible electric motors at three wells of the Kondinskoye field. The new equipment has reduced energy consumption for heating in the submersible cable, resulting in an overall energy-saving effect of 2.5 kW per well, Rosneft informed.
Efficiency improvement at production assets is one of the key elements of the Rosneft 2022 strategy for the company.
By the end of 2020, Kondaneft Oil Company plans to install 30 new sets of equipment expecting to save about RUB 100,000 per year.
Rosneft is the leader of Russia's petroleum industry and the world's largest publicly traded petroleum company. The Company's main activities include prospecting and exploration of hydrocarbon deposits, oil, gas and gas condensate production, upstream offshore projects, crude processing, as well as marketing of oil, gas, and refinement products in Russia and abroad.
The company is on the list of strategic enterprises in Russia. Its principal main shareholder (40.4% of shares) is Rosneftegaz wholly owned by the Government of Russia, while BP owns 19.75% of shares, QH Oil Investments LLC holds 18.93% of shares, one share belongs to the Government represented by Russia's Federal Agency for State Property Management (Rosimushchestvo).
IFRS net profit attributable to Rosneft shareholders for 2019 increased by 29% to RUB 708 billion from RUB 549 billion a year earlier. Sales revenue and equity share in profits of associates and joint ventures went up 5.3% to RUB 8.676 trillion from RUB 8.238 trillion, EBITDA increased by 1.2% to RUB 2.105 trillion from RUB 2.081 trillion.
