Gazprom, Statoil combine for far north studies

Gazprom and Statoil have signed a scientific and technical cooperation agreement that will lead to joint programs and studies.

Offshore staff

MOSCOW – Gazprom and Statoil have signed a scientific and technical cooperation agreement that will lead to joint programs and studies, including:

- Geological exploration and development of hydrocarbon fields

- Hydrocarbons production and treatment prior to transportation

- Technologies and equipment for transportation of hydrocarbons

- Environmental protection of northern seas and territories

- Health, safety and environment issues under northern conditions

- Gas processing, project management and corporate governance.

According to the terms of the agreement, the two parties will compile a “Sci-Tech Cooperation Program” which will be open to adjustment every one to three years.

Gazprom and Statoil are partners in Phase I of the Shtokman gas and condensate field development in the Russian sector of the Barents Sea.

Last year, the companies signed a Memorandum of Understanding covering their joint activities in the area of exploration, development, and production of hydrocarbon resources in northern regions.

06/21/2010

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