R&D and innovations

In its long-term development strategy, Gazprom Neft emphasizes that one of the key factors for competitiveness is the maximum efficiency and adaptability of business.

In 2013, the Gazprom Neft Board of Directors approved the Company’s Innovative Development Programme to 2020, which specifies core areas of innovative development for Gazprom Neft, plans for cooperation with foreign organisations as well as key performance indicators correspondent with indicators in the Innovative Development Programme of the Company’s primary shareholder — JSC Gazprom. The main objectives are the efficient exploration and development of fields in complex geological and climatic conditions, the economically viable and energy efficient extraction of oil from depleted fields and the development of oil refining and petrochemistry operations.

R&D expenses, bn RUB