Sk Rusvetpetro OOO (Russia)

The company Sovmestnaya Kompaniya Rusvetpetro OOO, located in Moscow, was incorporated on July 7, 2008. It was established as a joint venture between Zarubezhneft and Petrovietnam to participate in the development of oil and gas fields in Russia. The company operates in the Extreme North and has achieved impressive results despite the technological challenges posed by the location and unique structure of the deposits. In 2016, the company reached a significant milestone with the signing of an Intergovernmental Agreement, which allowed for favorable conditions for investment in the development of the fields. Today, Sovmestnaya Kompaniya Rusvetpetro OOO holds leading positions among oil and gas companies in the Timan-Pechora province and is developing 14 fields in the Central-Khoreyver uplift in the Nenets Autonomous Okrug. The company adheres to a Sustainable Development Program, which includes 17 goals, 169 tasks, and 230 indicators. Some of the prioritized goals include the gas program for 2019-2024, infrastructure modernization program, employee welfare and safety, corporate sports and competitions, corporate educational programs, talent management, collaboration agreements with environmental organizations, and participation in environmental openness ratings. The company focuses on economic efficiency and includes these indicators in the key performance indicators of top management.