Rosneft, BP sign seismic R&D agreements

OJSC Rosneft, BP PLC, and Schlumberger Ltd. have signed collaboration agreements on seismic research and development.

Rosneft will join as an equal partner in BP’s ongoing project with Schlumberger’s seismic business, WesternGeco, to develop technology for cableless onshore seismic acquisition.

The companies said the ability to deliver faster and better-quality seismic data acquisition at lower cost compared to conventional seismic surveys would also bring environmental and safety benefits in extreme climates and in areas that are difficult to access.

A 2-year period is expected for development. Rosneft and BP will have preferential access to the technology “for an initial period,” after which Schlumberger will have exclusive rights to market the system.

The signings took place in Vladivostok, Russia, at the Eastern Economic Forum. Rosneft also signed a cooperation agreement with PTT PCL (Thailand) for development in the areas of upstream, crude and oil product trading, refining, petrochemical projects, and LNG supplies.

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