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Economic impact of activities of Rosneft RN-RDC to exceed RUR 150 bln

Rosneft Oil Company reviewed the results of the Rosneft United Research and Development Centre (RN-RDC). Since its foundation in 2016, RN-RDC has become Europe’s largest scientific oil and gas centre, the amount of work performed using its own resources has increased more than 2 times. At the moment, it includes 32 design and research institutes, as well as 41 competence centres that employ in total more than 15,000 people. RN-RDC is the basic unit for making scientific and technical decisions in all production areas of the Company: from exploration to petroleum products distribution. The total economic impact of RN-RDC activities is evaluated to exceed RUR 150 bln.

RN-RDC also provides 100% support for the Company’s geological work and 100% support for Rosneft’s production projects’ documentation. RN-RDC operates all geotechnical information of the Company (over 1,9K TB of data), supports the drilling of the most complex horizontal wells (more than 2K operations annually), implements its own information solutions for creating digital twins of real objects (over 70K operations) and creates its own software. The direct economic impact from the introduction of its own software amounted to more than RUR 1bln.

Rosneft United Research and Development Centre performs work not only for the Company’s subsidiaries, but also for other clients. Since 2016, the amount of such works has more than tripled. Currently, RN-RDC customer portfolio consists of more than 100 companies. 

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