Gazprom Neft and Mitsubishi Corporation to Assess the Prospects for Cooperation on the Sakhalin Shelf

Gazprom Neft and Mitsubishi Corporation signed a memorandum of understanding at the Eastern Economic Forum. The parties agreed to assess the prospects for cooperation in high-tech projects development on the shallow shelf of the Sea of Okhotsk*. Including the opportunity to exchange competencies and technologies in the field of oil exploration and production. The document was signed by Naoto Miyamoto, General Manager, Europe/Russia Oil and Gas Business Department, Mitsubishi Corporation, and Sergei Matrosov, Head of Business Development and Offshore Regulation Department, Gazprom Neft.

Gazprom Neft possesses a broad portfolio of the offshore assets in Russia and owns unique technological expertise. The company discovered a large Neptune field on the shelf of the Sea of Okhotsk in 2017. The field is being developed with the usage of advanced technologies, never used in Russia before. Innovative solutions in exploration sphere, as well as in drilling and logistics, allowed the company to significantly minimize the time-consuming activities and economic costs while studying the field’s potential. The experience gained by Gazprom Neft in Sakhalin is applicable to other offshore projects that the company intends to implement in the future.

On photo (from left to right): Naoto Miyamoto, General Manager, Europe/Russia Oil and Gas Business Department, Mitsubishi Corporation, and Sergei Matrosov, Head of Business Development and Offshore Regulation Department, Gazprom Neft.

“Offshore projects development is a strategic priority for the company. Gazprom Neft is actively developing and studying all offshore license areas in our portfolio. A number of the company’s projects are significant for the Russian and global oil industry. The company’s significant experience and expertise demanded at the global level. Cooperation with the world’s largest industrial corporations, mutually beneficial exchange of technologies, provides new opportunities for us and our partners of high-tech projects implementation on the Russian shelf,” said Andrey Patrushev, Deputy General Director of Offshore Projects Development, Gazprom Neft.

Reference

* Development project of the Ayashsky license block, located in the Sea of Okhotsk in the northeastern part of the Sakhalin shelf, 55 km from the shoreline. The sea depth of the first well’s drilling site is 62 m. The area earlier was checked with 3D seismic exploration works over 2,150 sq. km.

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