Press Esc to close

WorldOil

World Oil News Center



Shell, Gazprom Neft to sign Arctic cooperation deal

BY ALEXANDER KOLYANDR AND JAMES MARSON

MOSCOW -- Shell will sign a framework agreement to partner Gazprom Neft on projects on Russia' s Arctic shelf, a person familiar with the matter said, becoming the latest international major to seek access to potentially vast but hard-to-recover resources in the region.

The deal will be signed during a visit to the Netherlands by Russian President Vladimir Putin, the person said, without giving further details.

Shell is already a partner of Gazprom Neft' s parent company, Gazprom, on the Pacific Sakhalin-2 project, and is also working with Gazprom Neft on developing oil resources onshore.

Gazprom and Rosneft are the only firms allowed to lead projects on Russia' s Arctic shelf. Rosneft is partnering with Exxon Mobil, Eni and Statoil.

Shell' s attempts to explore the United States Arctic have been marred by problems. A spokeswoman for Shell didn' t immediately respond to a request for comment.

Dow Jones Newswires

04/07/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS