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Gazprom Neft and Shell to cooperate in hydrocarbon exploration, technological collaboration and carbon footprint reduction

The MoU was signed in the presence of Vadim Yakovlev, Deputy Chairman of the Management Board of Gazprom Neft, and Cederic Cremers, Shell Country Chair Russia.

Gazprom Neft and Shell to cooperate in hydrocarbon exploration, technological collaboration and carbon footprint reduction

St. Petersburg, June 7 - Neftegaz.RU. Gazprom Neft and Shell share many years’ cooperation in various business areas.
One of their most important ongoing upstream projects is Salym Petroleum Development joint venture, currently developing the Salym group of fields in the Khanty-Mansi Autonomous Okrug.

Gazprom Neft and Shell established a JV to explore and develop a major geological prospecting cluster covering the Pukhutsyayakhsky and Leskinsky license blocks in the Gydan Peninsula at the end of 2020.

Both companies have confirmed their willingness to proceed with joint implementation of exploration and production projects in western Siberia, incl. the development of the Achimov, Paleozoic and Jurassic hydrocarbon deposits.

The partners will also continue discussing their cooperation in developing the Ayashsky license block in the Sea of Okhotsk.
Vadim Yakovlev commented:
  • Gazprom Neft and Shell are bound together by more than a decade of successful collaboration both on large-scale exploration & production projects and on the technology side
  • The new MoU sets out the principal areas of work in which we wish to further develop our strategic partnership in the years to come
Cederic Cremers noted:
  • We welcome extension of our cooperation with GPN, our long-time reliable and trusted partner, to areas in which we can join our forces, experiences and expertise in reducing the carbon footprint of our operations
  • I believe our 2 companies together can really make a difference in this critical area
Gazprom Neft and Shell intend to combine their efforts in implementing decarbonization projects.
The companies are planning to look into the possibility of deploying carbon capture, utilization & storage (CCUS) solutions at their JV assets.
Besides, both companies will discuss the possibility of using technology solutions for production of hydrogen via steam reforming of natural gas coupled with carbon capture.

The partners plan to extend technological cooperation in developing hard-to-recover reserves.
A further key area for activity will be finding solutions for carbon footprint reduction and further improving projects’ environmental sustainability.

The companies have also entered into 2 MoU extending their collaboration in reducing greenhouse gas (GHG) emissions and promoting further improvements in aviation safety.

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