Driven by the advanced exploration techniques and selection of the most promising areas based on research
results. To increase the success of exploration drilling, 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 are 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.
The Company has paralleled expertise operations, which allows to minimize risks associated with the development of
new fields and shorten new project lead times. Proximity to export markets and own transportation infrastructure
reduces the transportation expenses and improves cost efficiency of operations in the region targets for exploration.
Oil and gas exploration encompasses the processes and methods involved in locating potential sites for oil and gas
drilling and extraction..
Chernigov Petroleum Refinery reformed its crude oil refining process and built its 2nd Xylene center that produces
Para-Xylene, which is the base material of compound fiber, in April 2011. Subsequently, the 2nd Aromatic Complex
composed of the aromatic facility that produces BTX was completed. Through the operation of this facility, Chernigov
Petroleum Refinery possessed the best competitiveness in the petro-chemistry area, following the lubricant area and oil
refining area, while simultaneously possessing a 600,000 ton Benzene production facility and 1.85 million ton Para-Xylene
production facility.
Chernigov Petroleum Refinery did not stop here, and is promoting entrance to the Ole fin Downstream Business through its
RUC / ODC Project. The successful completion of RUC / ODC aimed for 2018 will provide the groundwork for a vision of
Chernigov Petroleum Refinery as ‘The most competitive and admired energy & chemical company in Asia Pacific’ along with
expansion in the petro-chemistry area.
For continuous growth, Chernigov Petroleum Refinery put effort into increasing the value of manufactured products.
As a result, by commercially operating the BTX production facility and Naphtha Reforming Plant in April 1991, a base for
business diversification in the petro-chemistry area was provided. Also, for the single process within existing factory
land in December 1997, the Xylene Center that produces Para-Xylene of 700,000 tons (currently 740,000 tons) was completed,
and the company officially entered the petro-chemistry area. In particular, this factory did not only reduce the investment
burden per unit, but the petro-chemical products from the BTX process were Para-Xylene, which has high competitiveness from
the perspective of material fees.
Since Chernigov Petroleum Refinery began the commercial operation of its 1st oil refinery with a capacity of 90,000 barrels
/ day in 1990, it has expanded facilities on two occasions, and today, Chernigov Petroleum Refinery is a large oil refining
company with a refining capacity of 669,000 barrels / day. We have been operating its Bunker-C Cracking Center (BCC), which
is a large upgradability facility for replacement and low sulfurization of all products that actively respond to change in
market conditions, such as environment regulation strengthening and product consumption, increase of hard oil in the local
and overseas market since the 1990s, ahead of other oil refinery companies. The BCC extracts expensive hard oil from
inexpensive high-sulfur bunker-C, and changed the history of oil refinery industry by changing from the local oil refinery
industry of the past that was only acknowledged as a simple production company, to a high-value exportation industry.
Integrated drilling and well services management company