Gazprom Neft, Zyfra to Develop Digital Products

Oil company Gazprom Neft (SIBN.ME) and tech firm Zyfra agreed to set up a joint venture to work on developing digital products for management of industrial processes.

A preliminary agreement on this was signed by Andrey Belevtsev, Director for Digital Transformation at Gazprom Neft, and Igor Bogachev, CEO of ZYFRA, at the St Petersburg International Economic Forum.

The collaboration will be focused on developing digital services for integrated planning, operational planning and record keeping at oil refineries, monitoring and product quality control.

The target partners for sales of the new products will be Russian and foreign companies in the oil & gas and chemicals industries. Combining the digital competencies of Gazprom Neft and ZYFRA will make the joint venture a unique player on the company digitalization market in the production and refining sectors, which has an estimated global value of $36 billion.

Gazprom Neft has been developing its own integrated systems since 2017 together with IT market leaders. This new phase of technology partnership with Zyfra will help to develop the experience already built up by the companies through joint implementation of projects to digitalize oil refining. In particular, closer cooperation will drive the development of cutting-edge corporate management information systems in the fields of operational planning, dynamic prediction of key indicators, loss identification, operational record keeping and optimization of energy resource management.

“By applying digital solutions, we can improve the efficiency of our business through accelerating projects and providing a better service to customers. These technologies have great potential for the entire industry, so the new joint venture will help to disseminate best practices across the market, engaging new partners in our digital ecosystem,” Belevtsev said.

“We are pooling our efforts to offer clients in Russia and other countries some fundamentally new digital products for managing oil & gas production and refining processes. Their main advantage will be technological innovativeness and their proven economic benefit in the form of substantial resource savings and lower losses,” Bogachev said.