The Arctic Research and Design Center of Rosneft and researchers from Moscow State University's Geology Department have received a patent for a new method of geophysical analysis, the Russian oil company announced on its website on July 1.

"The method was created and tested in a two-year engineering and geological project conducted to identify and catalogue the specific geological characteristics of the company's license blocks in the Laptev Sea. The method is unique in that it combines several geophysical technologies within one cruise over the area under study," the statement says.

Rosneft has used this method to streamline the development of offshore areas and reduce spending, including on preparing them for exploratory drilling.

The company has also upgraded its comprehensive information system, which allows it to monitor ice edge conditions and the pace of drifting ice floes and ice features. Following successful trials in 2015, this online system was used in practice to greatly enhance the effectiveness and safety of marine operations within Rosneft's projects.