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OOO Gazprom Geologorazvedka and Schlumberger Sign Technology Cooperation Framework Agreement

Agreement to maximize efficiency of exploration for land and offshore fields in Russia

MOSCOW, December 20, 2012—Gazprom Geologorazvedka and Schlumberger Russia and Central Asia (RCA) today signed a technology cooperation framework agreement under the chairmanship of Vsevolod Cherepanov, member of the management committee, head of the Gas, Gas Condensate and Oil Production Department, Gazprom.

The agreement was signed by the general director of Gazprom Geologorazvedka, Alexey Davydov, and the president of Schlumberger RCA, Gokhan Saygi. Cooperation will be built around joint technology projects with a focus on maximizing the efficiency of exploration for Gazprom’s land and offshore fields and license areas in the Russian Federation.

The agreement includes the introduction of Schlumberger technology solutions and software products and development of a personnel training program. Both parties will contribute personnel and technology re-sources. To oversee and implement the agreement, a coordination committee and working group comprised of representatives from both companies will be established.

The head of Gazprom’s Department of Gas, Gas Condensate and Oil Production, Vsevolod Cherepanov noted, “Gazprom already has experience of cooperation with Schlumberger. We have the Coordinating Committee and Interim Working Group to implement technology cooperation between the companies. The Coordinating Committee has prepared and agreed upon a Technology Cooperation Program between Gazprom and Schlumberger for 2013-2015, focused on cooperation in land and offshore exploration, development and production projects. Today’s event means continuation and strengthening of partnership relationships.”

The general director of Gazprom Geologorazvedka, Alexey Davydov said, “Our company is focused on efficient hydrocarbon exploration. Today we carry out exploration in 49 license areas in the most challenging regions: beyond the Arctic Circle, in the tundra and on the Arctic Shelf. We have already used Schlumberger services to drill an exploration well in the Chayandinskoye oil and gas condensate field in Yakutia, and we embark on a new stage of cooperation today. The cooperation will help us to engage additional resources and capabilities for implementation of exploration projects of any complexity. I am confident that this will become essential for successful operations of our company, focused on increasing Gazprom Group’s hydrocarbon reserves.” 

Gokhan Saygi, president, Schlumberger RCA, added, “We are pleased to be strengthening our relationship with Gazprom Geologorazvedka and to offer our advanced science-based technology solutions through this important cooperation agreement.”

This agreement follows the framework agreement on development of technology cooperation between Gazprom and Schlumberger signed in 2008.


About Gazprom Geologorazvedka

Gazprom Geologorazvedka is a 100% subsidiary of Gazprom. The company specializes in organizing and carrying out exploration operations in all land and offshore license areas of Gazprom and its subsidiaries in the Russian Federation. Gazprom Geologorazvedka is currently carrying out exploration in 49 license areas.  

The company was founded to implement Gas Resource Base Development Program until 2035. The Program is focused on accelerated reserve replacement and takes into account changing structure of reserves and shifting of natural gas production to new regions: Yamal Peninsula, Eastern Siberia and Far East, Russian shelf.

About Schlumberger

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing more than 115,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through  production. 

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $36.96 billion in 2011. For more information, visit www.slb.com.

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For further information, contact:

Joao Felix
Director of External Communications
Schlumberger Limited
Tel:+1 713 375 3494
jpfelix@slb.com

Olesya Baykova
Head of Public Relations Office
Gazprom Geologorazvedka LLC 
Tel:+7 391 290 20 21 
o.baykova@ggr.gazprom.ru  

Alexander Borisov
Vice President, Government Relations and Communications
Schlumberger Russia and Central Asia
Tel:+7 495 935 8200
russia-pr@slb.com


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