Rosneft, Gazprom sign offshore co-op pact

Rosneft and Gazprom have signed a cooperation agreement under which they will jointly operate infrastructure for oil and gas field development offshore Russia.

According to a press statement by Rosneft, the companies will “strengthen cooperation to identify the most efficient methods and solutions to drive exploration of Russia’s continental shelf and resource and development and replacement by combining technical and financial capacities.”

The statement said the agreement “covers the companies’ intention to join forces so as to ensure compliance with the terms of international agreements and Russian legislation governing environmental protection and safety and the protection and preservation of offshore natural and mineral resources.”

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...