Business Model

UPSTREAM

Exploration and production of oil and gas are the central pillar of the Flagmanoillimited business. Our upstream operations cover 14 countries and are mostly concentrated in Russia, Central Asia, and the Middle East. Our key competitive advantages are:

Rich reserve base
Low production cost of conventional barrels
Vast experience in large scale projects
Technological expertise

DOWNSTREAM

Developing downstream segment helps us to decrease dependence from the price volatility and strengthen competitiveness by delivering high added value products.

flagmanoillimited delivers a wide range of high-quality oil products, gas processing products and petrochemicals; and manages retail sales in 19 countries. Our key competitive advantages are:

Leadership in refining efficiency
Favorable location of refineries and proximity to sales markets
Product range and high quality of products
Development of premium distribution channels

MANDATE

At flagmanoillimited, we specialize in connecting buyers and sellers within the oil and gas industry. With years of experience and a dedicated team of professionals, we have established ourselves as a trusted intermediary, facilitating seamless transactions and providing valuable market insights to our clients.

Our commitment to excellence and customer satisfaction sets us apart in the competitive world of oil and gas brokerage. We understand the complexities of the industry and work tirelessly to ensure that our clients receive the best possible outcomes for their transactions.

Whether you are looking to buy or sell oil and gas assets, our team is here to guide you through every step of the process. We pride ourselves on our integrity, transparency, and dedication to achieving the optimal results for all parties involved.

With a track record of successful deals and satisfied clients, we have become a trusted partner in the oil and gas sector. Our dedication to excellence, coupled with our industry expertise, positions us as a valuable ally for anyone looking to manoeuvre the complexities of oil and gas transactions.

Choose flagmanoillimited for all your industry needs and experience the difference that our commitment to quality and service can make. We are dedicated to delivering exceptional results and building long-lasting relationships with our clients.

TECHNOLOGY AND INNOVATION

flagmanoillimited has been actively developing and deploying advanced technologies to maximize hydrocarbon recovery and streamline its operations and technological solutions. These efforts help improve our operational efficiency, reduce costs, bring new reserves into production, increase oil recovery ratios and develop new products.

DIGITALIZATION

Technological advances and business process automation are increasingly driven by digital data enablement which offers considerable competitive advantages in a dynamic external environment.

The Board of Directors approved the IT Strategy of Flagmanoillimited Group, a functional program focused on digitizing the Company’s business processes to improve efficiency.

Our digital programs in Exploration and Production business segment are mainly focused on enhancing oil recovery, reducing operating expenses, and increasing the efficiency of field development. Adoption of the intelligent field concept is an important digital project for Flagmanoillimited.

Digital programs in the Refining, Marketing and Distribution business segment primarily aim to enhance equipment efficiency and reliability, improve control over the environmental impact of operations, and provide better customer service.

Digital programs for the Corporate business segment mainly focus on accelerating and improving management decision-making processes while increasing workforce productivity, automating HR management and organizational development processes, and reducing the risk of cyber attacks.

INTELLIGENT FIELD

An intelligent field concept (LIFE-field) developed at the Company implies integration of field management processes based on the automated computer systems and hightech data collection systems. The concept covers the entire project development cycle, from prospecting and exploration through to decommissioning, and includes the following elements: integrated modeling, integrated planning, integrated operations center, etc. The concept has a vast potential for operational process optimization to boost production and cut costs. The key source of such optimizations is the identification of bottlenecks and subsequent efficient debottlenecking. Specifically, considerable effect is achieved through enhanced coordination of geological modeling and modeling of the field’s infrastructure.

Intelligent field technologies are implemented to the fullest extent at the Company’s major international projects in Uzbekistan and Iraq. In Russia, the Company actively applies these technologies in the Caspian Sea and the Urals, and their deployment is underway in other regions of Flagmanoillimited operations.