EastSib Holding's mission is to efficiently manage the portfolio of oil-and-gas exploring and producing companies as well as other associated assets in order to achieve superior financial and operating results of the whole group of companies in our strong adherence to the highest ethics, safety and sustainability standards.
EastSib's strategy is to establish a well-run group of oil and gas companies in the Eastern Siberia with the annual oil production amounting to 4 Million tons and at least 4 bcm of annual gas production.
EastSib plans to improve conditions and provide additional resources for the organic growth of the group of companies, as well as plans to acquire other Eastern Siberia-based companies with oil and gas exploration licences.
Our current 2015-2016 priority lies in the field of providing a stable growth to one of our key companies – RNG.
RNG is a company developing the Eastern blocks of Srednebotuobinskoe oil and gas condensate field (EB SOGCF). RNG benefits from the following strategic advantages:
- The Eastern Blocks: one of the largest fields in the Eastern Siberia in the terms of proven reserves (Srednebotuobinskoe field);
- Immediate vicinity of the strategic ESPO oil pipeline and the Power of Siberia gas pipeline (constructed by Gazprom);
- RNG's highly qualified project management group can organize a continuous workflow between a large number of suppliers and contractors.
The synergetic effect of the RNG's area being within short reach of such large counterparts as Rosneft, Gazprom and Surgutneftegaz offers additional opportunities for creation of workplaces and infrastructural development of roads, pipelines, power lines and helipads.
The most innovative technologies in oilfield exploration and an efficient project management approach will come along with engagement of major international as well as of experienced local contractors and leading academic scientific research institutes.
The 2015-2017 strategy also involves the vast geological research program of the Yuzhno-Syuldyukar license block (licence held by Syuldyukarneftegas). Currently the large-scale 2D seismic survey is being conducted in order to determine the future exploratory drilling sites.
EastSib is committed to continuously enlarging the intrinsic value of the assets that make part of the Holding. The indispensable goal of our management is to provide long-term growth opportunities to every division of each subsidiary of the Holding. Along with our responsible approach to maximizing profitability, these are the key driving forces behind the intensive yet sustainable development process of EastSib Holding
Customer and contractor relations
Within the wide range of EastSib's subsidiaries, there is a policy of responsiveness and respect to our customers" needs. EastSib remains loyal to its steady contractors and counterparts with a due approach to selectivity and collaboration between the Holding and our partners.
EastSib holding accumulates almost ten companies in the oil-producing industry employing over 1300 people all across the Russian Federation. EastSib Holding benefits from the highly experienced workforce – our employees guarantee that the Holding ultimately pursuits its goals in the most efficient way. EastSib's subsidiaries have enforced the policy of attracting the most qualified professionals for a greater success of EastSib.