RTF Managing Partners Dmitry Brazhnikov and Vadim Kulikov participate in the Petroleum 2015 Conference
The Petroleum 2015 Conference took place at Skolkovo on November 16 and 17. The conference was dedicated to the development of and support for new technology in oil refining and petrochemistry as well as prospecting and oil extraction. RTF Managing Partners Dmitry Brazhnikov and Vadim Kulikov participated in the conference.
Representatives from the Russian Federation Ministry of Industry and Trade, RUSNANO, major oil and gas and oilfield service companies, the Gubkin Russian State Oil and Gas University, and Skolkovo resident companies were in attendance.
Marat Zaidullin, head of the Oil and Gas Center at the Skolkovo Foundation Energy Cluster, shared some of the results of the foundation’s work with participants. In 2014, revenues from the introduction of new technologies totaled R750 mln, and 2015 revenues are expected at R1.2 bln. Mr. Zaidullin noted that the share of projects in the oil refining arena and the oil and gas sector in general is not large enough.
On the first and second days of the conference, awards were given to the winners of innovative project competitions, which have become common for the Skolkovo Foundation. HEAVY OIL TECH’s project on heavy oil refining and RUS’s project “The technology of rotary steerable systems for directional drilling of oil and gas wells” garnered particularly strong attention.
The issue of developing sites for the industrial testing of new technologies was extensively discussed at the conference. Participants noted that amending regulation would be necessary because current norms and rules do not take into account contemporary realities and do not incentivize market players to develop technologies.
The conference ended with a session entitled “The experience of creating an international business in prospecting and extraction,” moderated by Katerina Brazhnikova, RTF communications partner. RTF General Director Vadim Kulikov also presented at the session and talked about his many years of experience managing investment projects in the United States, particularly directing participants’ attention to the specifics of this region, including differences in legislation in individual states. Vadim emphasized that partnerships with local engineering or service companies that are contractors for large American corporations are crucial for success, and also warned about the risk of losing intellectual property rights due to possible hostility from local companies.
RTF Managing Partner Dmitry Brazhnikov summarized the main conclusions from the “Developing business abroad” section, and said that for a company to successfully develop, it is best to live in the country in which you are doing business in order to know your client and take local culture into account.
Publication date: 17.11.2015