OOO Gazprom Geologorazvedka and Schlumberger Sign Technology Cooperation Framework Agreement

21.12.2012

OOO Gazprom Geologorazvedka and Schlumberger Sign Technology Cooperation Framework Agreement

Gazprom Geologorazvedka and Schlumberger Russia and Central Asia (RCA) signed a technology cooperation framework agreement under the chairmanship of Vsevolod Cherepanov, member of the management committee, head of the Gas, Gas Condensate and Oil Production Department, Gazprom. The agreement was signed by the general director of Gazprom Geologorazvedka, Alexey Davydov, and the president of Schlumberger RCA, Gokhan Saygi.
 
Cooperation will be built around joint technology projects with a focus on maximizing the efficiency of exploration for Gazprom’s land and offshore fields and license areas in the Russian Federation. The agreement includes the introduction of Schlumberger technology solutions and software products and development of a personnel training program. Both parties will contribute personnel and technology re-sources.
 
The head of Gazprom’s Department of Gas, Gas Condensate and Oil Production, Vsevolod Cherepanov noted, “Gazprom already has experience of cooperation with Schlumberger. We have the Coordinating Committee and Interim Working Group to implement technology cooperation between the companies. The Coordinating Committee has prepared and agreed upon a Technology Cooperation Program between Gazprom and Schlumberger for 2013-2015, focused on cooperation in land and offshore exploration, development and production projects. Today’s event means continuation and strengthening of partnership relationships.”
 
The general director of Gazprom Geologorazvedka, Alexey Davydov said, “Our company is focused on efficient hydrocarbon exploration. Today we carry out exploration in 49 license areas in the most challenging regions: beyond the Arctic Circle, in the tundra and on the Arctic Shelf. We have already used Schlumberger services to drill an exploration well in the Chayandinskoye oil and gas condensate field in Yakutia, and we embark on a new stage of cooperation today. The cooperation will help us to engage additional resources and capabilities for implementation of exploration projects of any complexity. I am confident that this will become essential for successful operations of our company, focused on increasing Gazprom Group’s hydrocarbon reserves.”
 
Gokhan Saygi, president, Schlumberger RCA, added, “We are pleased to be strengthening our relationship with Gazprom Geologorazvedka and to offer our advanced science-based technology solutions through this important cooperation agreement.”
 
Gazprom Geologorazvedka is a 100% subsidiary of Gazprom. The company specializes in organizing and carrying out exploration operations in all land and offshore license areas of Gazprom and its subsidiaries in the Russian Federation. Gazprom Geologorazvedka is currently carrying out exploration in 49 license areas.
 
The company was founded to implement Gas Resource Base Development Program until 2035. The Program is focused on accelerated reserve replacement and takes into account changing structure of reserves and shifting of natural gas production to new regions: Yamal Peninsula, Eastern Siberia and Far East, Russian shelf.
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