Assignment
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Upright Development |
Our Initiative Developmental Standard Protocols
The company's developmental program and strategical goals are as follow:
Develop as a high technology energy company program
Gain technical leadership in key competencies
Modernized petroleum production and refining
Maintain unit capital and operating costs at the world's best performance level
Improve operations energy efficiency to achieve world's best performance level
Meet world's highest standards in environmental and industrial safety
Based on a review of technical challenges faced by the company, the following
58 priority areas for innovation research have been identified
Geological exploration and formation evaluation
Geology and field development
Steadfast production speed at huge the highest capacities
New advance ways of products delivery domestically and internation.
With our professional skillful team development, we are deemed to meet up in all areas of quality and quantity to explore the increased figure required.
We are carrying out and working on a new modern exploration that works with Purposeful expansion on the resource base. GeoSouthern's exploration activities have been constantly working on a rapidly developed scenario of delivering results driven by the advanced exploration and production techniques and selection of the most promising areas based on research results.
To increase the success of exploration drilling and production, step by step implementation of advanced technologies for processing and interpreting seismic data continued.
In particular, innovative approaches to account for inhomogeneities of the upper part of the column is used to minimize the forecast error for structures.
At the design stage, finite difference modeling of the wave field is carried out to select the optimal parameters of the seismic survey.
Extensive experience in the international oil & gas projects implementation, stable longstanding ties with the leading oil companies around the world to work on new exploration, production innovations, holding within its structure of scientific research and design organizations as the prime strong hold to the petroleum infrastructural field.
Within couples of years, we uphold new development such as;
Developed well erected oil and gas production engineering
Construction and operation of ground infrastructure facilities
Unconventional sources of hydrocarbons (viscous oil, sediments, gas hydrates,
oil from coal beds)
Non hydrocarbon energy sources
Offshore operations
Upstream information technology
Refining technology
Petroleum chemistry technology GTL
Development of proprietary catalysts
New refining product development
Deeper refining of black oil
Downstream information technology
Engineering support of new technology implementation by corporate design
Institutes
Energy saving
Ecology
Alternative sources of energy
Knowledge sharing systems and corporate information technology.
GeoSouthern’s budgets and expenditure spending
Our total budgets and expenditure for development and innovations in 2023 has exceeded USD 200$ bn, including (without limitation) R&D expenses, purchase of machinery and equipment required for technology development and innovations, purchase of software and personnel training.
Financing in 2023 reached USD 48$ bn (0.8% of the company’s revenue) which was a 60% growth year on year.
The expenses for targeted development and innovation projects (TIP) and implementation of TIP technology totaled USD 33$ bn and USD 36$ bn respectively.
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