Development strategy
In 2021, in accordance with modern trends and challenges of the energy markets, the Corporate Development Strategy until 2030 was updated.
Despite changes in the external environment, the main principles and targets of the Strategy remain relevant.
The main priority of the company is to maximize shareholder value and ensure optimal return on invested capital within the priority areas of activity.
Strategy priorities
For the confident implementation of the main strategic objectives
The company successfully operates a comprehensive change management system that covers all key areas of the strategy and is built within the logic of five strategic focuses.
Further development of technological competencies
Entry into new projects abroad
Continuous management efficiency improvement
Competent personnel training
Business decarbonization and RES development
«Zarubezhneft - 2030» – sustainable energy company
Technological leader
with front-end competencies in the area of oil & gas production forming the competitive advantage at the market
Leader in terms of environment protection and safety
with responsible attitude to the environment of the culture of safe production
Leader in terms of efficiency
focus on efficiency, specific costs decrease, free cash flow growth, ROACE growth
The implementation of the Development Strategy will allow Zarubezhneft to become a sustainable energy company that owns a balanced and diversified portfolio of oil, gas and energy assets and at the same time ensures the most efficient, integrated and environmentally friendly production of energy resources.