Aram Karapetyan

JSC Zarubezhneft

"Zarubezhneft" has a considerable scientific and technological potential that enables it to provide sophisticated full-cycle operations – from designing advanced computer-based models of oil and gas fields and reserves estimation to oilfield development projects and investment programs preparation and their further field implementation on a ready-to-operate basis. The company pays much attention to such an important direction for innovative development of oil industry as working out and implementation of the modern oil recovery enhancement methods. "Zarubezhneft" possesses a wide range of patented achievements for production enhancement and advanced technologies of oilfields development. "Zarubezhneft" capacities in this area significantly increased, when by the Decree of the President of Russian Federation #137 of February 3, 2004, "Zarubezhneft" incorporated JSC "RMNTK "Nefteotdacha" and two institutes – "Giprovostokneft" and VNIIneft. Because of this "Zarubezhneft" acquired its own engineering base and innovative assets.