Driven by the advanced exploration techniques and selection of the most promising areas based on research results. To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting seismic data continued. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. At the design stage, finite-difference modeling of the wave field is carried out to select the optimal parameters of the seismic survey.
The Company has paralleled expertise operations, which allows to minimize risks associated with the development of new fields and shorten new project lead times. Proximity to export markets and own transportation infrastructure reduces the transportation expenses and improves cost efficiency of operations in the region targets for exploration. Oil and gas exploration encompasses the processes and methods involved in locating potential sites for oil and gas drilling and extraction.
"SNPS-AI DAN MUNAY" Petroleum Refinery reformed its crude oil refining process and built its 2nd Xylene center that produces Para-Xylene, which is the base material of compound fiber, in April 2011. Subsequently, the 2nd Aromatic Complex composed of the aromatic facility that produces BTX was completed. Through the operation of this facility, "SNPS-AI DAN MUNAY" Petroleum Refinery possessed the best competitiveness in the petro-chemistry area, following the lubricant area and oil refining area, while simultaneously possessing a 600,000 ton Benzene production facility and 1.85 million ton Para-Xylene production facility.
"SNPS-AI DAN MUNAY" Petroleum Refinery did not stop here, and is promoting entrance to the Ole fin Downstream Business through its RUC / ODC Project. The successful completion of RUC / ODC aimed for 2018 will provide the groundwork for a vision of "SNPS-AI DAN MUNAY" Petroleum Refinery as ‘The most competitive and admired energy & chemical company in Asia Pacific’ along with expansion in the petro-chemistry area
For continuous growth, "SNPS-AI DAN MUNAY" Petroleum Refinery put effort into increasing the value of manufactured products. As a result, by commercially operating the BTX production facility and Naphtha Reforming Plant in April 1991, a base for business diversification in the petro-chemistry area was provided. Also, for the single process within existing factory land in December 1997, the Xylene Center that produces Para-Xylene of 700,000 tons (currently 740,000 tons) was completed, and the company officially entered the petro-chemistry area. In particular, this factory did not only reduce the investment burden per unit, but the petro-chemical products from the BTX process were Para-Xylene, which has high competitiveness from the perspective of material fees.
Since "SNPS-AI DAN MUNAY" Petroleum Refinery began the commercial operation of its 1st oil refinery with a capacity of 90,000 barrels / day in 1990, it has expanded facilities on two occasions, and today, "SNPS-AI DAN MUNAY" Petroleum Refinery is a large oil refining company with a refining capacity of 669,000 barrels / day. We have been operating its Bunker-C Cracking Center (BCC), which is a large upgradability facility for replacement and low sulfurization of all products that actively respond to change in market conditions, such as environment regulation strengthening and product consumption, increase of hard oil in the local and overseas market since the 1990s, ahead of other oil refinery companies. The BCC extracts expensive hard oil from inexpensive high-sulfur bunker-C, and changed the history of oil refinery industry by changing from the local oil refinery industry of the past that was only acknowledged as a simple production company, to a high-value exportation industry.