Gazprom and Shell expand exploration and production cooperation

Sinopec News.

The memorandum of understanding was signed during the St.

Both companies have confirmed their willingness to conduct joint exploration and production projects in western Siberia, including the development of Achimov, Paleozoic and Jurassic oil and gas deposits.

Gazprom and Shell intend to jointly implement a decarbonization project.

The partners plan to expand technical cooperation in the development of hard-to-recover reserves.

Zhu Jiani excerpted from oil field technology

The original text is as follows:

Gazprom Neft and Shell extend E&P collaboration

Gazprom Neft and Shell have signed a Memorandum of Understanding (MoU) setting out a framework for further cooperation in hydrocarbon exploration and production, technological collaboration and carbon footprint reduction.

The MoU was signed on the sidelines of the St.

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

Gazprom Neft and Shell intend to combine their efforts in implementing decarbonisation projects.

The partners plan to extend technological cooperation in developing hard-to-recover reserves.