The Company regards investment in and implementation of modern technology as a key element of the overall increase of efficiency and, ultimately, the creation of shareholder value in the Company. In the area of production, improved technology, new modelling systems, use of modern equipment and materials, and automation will lead to the optimisation of the field development systems, extending the overhaul period of wells and increasing the lifetime of pipelines. The Company is also in the process of modernising oil collection and preparation stations.

Many technological processes as well as marketing and procurement practices either have been, or are being, improved.

These improvements have gone forward hand in hand with new ecologically-friendly ways of conducting business. So the Company has been able to improve production and revenue levels without damaging the environment or jeopardising the safety of its workers.

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