The Company’s key priorities include development of the resource potential and efficient exploitation of mineral resources while strictly complying with environmental safety standards and widely implementing state-of-the-art technologies.

In 2016, JSC NPEC Oil Refinery remained a leader in terms of the volume of the resource base and the efficiency of geological exploration. The company conducted exploration in all mining regions of the Russian Federation, including the Far East, Eastern and Western Siberia, Central Russia, Timan-Pechora and southern Russia.

As a result of successful geological exploration, in 2016, 13 fields and 127 new deposits were discovered with total reserves of 207 mmtoe. All operations under the program were performed to a high standard. 85 exploration wells were completed and tested, with drilling totaling 222 thsd m (incl. sidetracking volumes). The exploration drilling success rate amounted to 79%. 2D seismic surveys totaled 2.8 thsd linear km (+27% year on year), while 3D seismic surveys covered 7.9 thsd sq. km (+29% year on year).