Gazprom Neft and Shell have agreed to develop their JV Salym Petroleum Development. The firm’s portfolio of belongings will embrace a license for the precise to geological survey, exploration and manufacturing of standard hydrocarbon reserves of the Salymsky 2 block within the Khanty Mansiisk Autonomous Region
Pursuant to the choice of the companions, Salym Petroleum Development N.V. (SPD) acquires from Gazpromneft Khantos and Gazpromneft-Invest 100% curiosity within the share capital of Salymsky-2 LLC in whose title the license for the block of the identical title shall be reissued. SPD can even act because the operator of the brand new growth mission.
The Salymsky-2 license block is situated within the Khanty Mansiisk Autonomous Region. It has an space of 376 km2. The jap a part of the block adjoins the West Salym, Vadelyp and Upper Salym fields, that are being developed by SPD. There are not any field-specific infrastructure amenities. However, shut proximity to the areas, that are being developed by SPD, can have a synergistic impact, permitting environment friendly use of the present SPD manufacturing amenities.
The deal shall be closed after all of the circumstances precedent of the contract are met and in accordance with the legal guidelines relevant to the events.
The Salymsky-2 block remains to be being studied; two appraisal wells have been drilled on the website. At the second interpretation of geological data obtained from the sooner 3D seismic surveys is underneath approach.
(Source: Gazprom Neft)

The put up SHELL AND GAZPROM NEFT TO EXPLAND JOINT PROJECTS IN SALYM FIELD appeared first on Energy Global News.

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