Gazprom Neft and Schlumberger sign technological co-operation agreement

abarrelfull wrote on 31 May 2011 05:47
Tags: gazprom-neft schlumberger services

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Gazprom Neft and Schlumberger announce that they have signed a technological co-operation agreement to increase efficiency of hydrocarbon exploration and production at Gazprom Neft's deposits, both in Russia and abroad. Following the signing of the agreement, a coordination committee made up of representatives from both companies has been formed. The co-operation will allow Gazprom Neft to make more effective choices with regard to the new technologies offered by Schlumberger as well as expand opportunities for executive staff training.

"Our joint efforts are aimed at establishing a productive business relationship and adapting Schlumberger’s cutting edge technology to Gazprom Neft's needs in order to achieve the best results. This will lead to cutting development costs whilst simultaneously increasing production by ensuring the technological integration of Gazprom Neft’s current projects, both in Russia and abroad", commented Boris Zilbermints, Gazprom Neft's Deputy CEO for Exploration and Production.

REFERENCE

Schlumberger is one of the world’s leading suppliers of technology to the oil and gas sector, which provides services including: deposit prospecting and exploration, drilling and measurement while drilling, assessment of reservoir characteristics, well services, production control, information technology and consulting. Schlumberger, which has a presence in more than 80 countries, operates in every oil-producing region in Russia and has 50 production sites, research and development centres, as well as its own production equipment.

• Gazprom Neft and Schlumberger sign technological co-operation agreement

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