Gazprom, PetroVietnam sign agreement for two fields in Russia

OAO Gazprom and PetroVietnam on Nov. 25 signed a framework agreement for the joint development of two fields in Russia.

Nagumanovskoye oil, gas, and condensate field is in the Akbulak district of the Orenburg region, and Severo-Purovskoye gas-condensate field is in the Purovsky district of the Yamal-Nenets autonomous area.

Gazpromviet (Gazprom 51%, PetroVietnam 49%) will be responsible for implementation of the agreement.

Gazprom Chairman Alexey Miller and PetroVietnam Chairman Nguyen Xuan Son signed the agreement in Sochi in the presence of Russian President Vladimir Putin and Nguyen Phu Trong, general secretary of the Communist Party of Vietnam.

The companies signed a strategic partnership agreement in 2009.

Also in Sochi, JSC Gazprom Neft Chairman Alexander Dyukov signed an agreement with PetroVietnam’s Nguyen “to start exclusive talks on possible cooperation” in the exploration and development of the Dolginskoye field in the Pechora Sea (OGJ Online, June 16, 2014).

Gazprom Neft also signed a refinery maintenance agreement with Binh Son Refining & Petrochemical that includes oil deliveries to the Dung Quat refinery from the Russian port of Kozmino. Gazprom Neft said the companies are negotiating the price of Gazprom Neft’s proposed acquisition of a 49% stake in the refinery (OGJ Online, Nov. 12, 2013).

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