Procedures for managing investment projects Print version

Management of investment projects is based on ensuring the standard of procedures for review, expert examination, risk evaluation system, and decision making. These procedures are ensured by the Investment Committee together with the Investment Department of OAO TATNEFT.

Each investment project is subject to an individual procedure of technical, geological, and economic justification with expert opinions of the Company’s specialists on production expediency and investment attractiveness.

Procedure of Investment Projects Review

For the purpose of control over and minimization of investment risks, a chart of risks with description of possible geological, production, financial and economic, legal, land and property, and other factors, which are able to affect the efficiency of investment, is prepared for each project.

Information technologies and software products from world leaders in investment projects management are actively used in investment portfolio formation.

The system of investments management on the basis of SAP ERP 2005 provides integrated control of all stages of investment program planning starting with an application of the structural division to investments into main areas of investment activity, which allows prompt receiving of information about scheduled and actual indices by each project, and fulfillment of investment program in general, and to promptly respond to any changes in projects during their implementation.

The work started on implementation of Schlumberger software. It will enable using a complex approach to evaluation of projects' efficiency, to estimate not only activities and wells, but also fields in general with risks assessment and analysis of project sensibility, and with solutions tree derivation.

Monitoring of the implemented projects is performed at all stages of investment and operation periods until the end of their payback time.

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