Business Approach to the Oil and Gas Exploration

The purpose of this work is to describe the approach «Gazprom Neft» to managing the geological exploration business and preparing reserves for production. In this presentation, Gazprom Neft’s experience in working with exploration projects will be shown on real examples: the sequence of actions, how to implement the project faster, how to reduce the costs on exploration, how to justify the development of oilfield. The implemented approach is focused on exploration business management and the implementation of an optimal strategy for reservoir study. The project logic of the works is formed on the basis of the best practices of oil and gas majors, service companies, our personal experience and changes geological exploration not only in the Russian Federation, but also in the World.