Gazprom Neft, PetroVietnam strengthen ties

Offshore staff

MOSCOW - Gazprom Neft and Vietnam Oil and Gas Group (PetroVietnam) have signed a series of agreements to extend their collaboration. The documents were signed in Hanoi, Vietnam, in the presence of Prime Minister of the Russian Federation, Dmitry Medvedev, and Prime Minister of Vietnam, Nguyễn Tấn Dũng.

Alexander Dyukov, chairman of the management board of Gazprom Neft, and Nguyen Xuan Son, chairman of the board of directors of Petrovietnam, signed a memorandum to extend the two companies’ joint oil and gas exploration, production, and development projects on the Pechora Sea shelf at the Dolginskoye field and the Severo-Zapadnyi (Northwest) licensed block.

The two parties have agreed to create a dedicated working group of experts from both companies. By the end of October, the parties will form a list of priority oil and gas fields and agree the basic terms of the partnership before further agreements are signed. The projects will be implemented via joint ventures of Gazprom Neft and PetroVietnam, in which the stakes of each party will be negotiated.

04/06/2015

Dolginskoye field
(Photo courtesy Gazprom Neft)

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...