Use of energy resources and energy efficiency

We have been hard at work on increasing the energy efficiency and optimized use of energy resources in the company.

The corporate Energy Conservation and Energy Efficiency Improvement Road Map until 2021 has been developed, which, when implemented, is slated to reduce energy consumption by 4.5 mn GJ.  We also continue working on the attraction of strategic investors to energy conservation through the internationally recognized mechanism of performance contracts.

The key areas of energy conservation and energy efficiency development in the group are: modernization of technological equipment, implementation of energy saving technology, optimized generation and consumption of thermal energy and development of the own electrical power sources, including those utilizing APG.

In 2019, 69 energy conservation and energy efficiency activities were implemented, the planned annual saving of fuel and energy resources is 0.8 million GJ, which in kind is 11.3 million kW of electric energy, 91.3 thous. Gcal of heating energy, 8,508 thous. m3 of natural gas.

In 2019, the Group average specific energy consumption for hydrocarbons production was 2.4 GJ per tonne of produced RWC (2.38 GJ in 2018), which is still 60 % higher compared to the figure of the International Association of Oil & Gas Producers being 1.5 GJ per tonne of produced hydrocarbons in 2018. Growth of specific energy consumption for oil production is first due to the increased water-cut at mature fields, since the increased water-cut increases the specific density of produced liquid and, accordingly, the consumed energy for mechanical production methods.