The memorandum defines key points of cooperation in the Russian Arctic shelf gas and shale oil reserves investigation and development.
In 2010 Gazprom and the Royal Dutch Shell signed a Protocol on a global strategic cooperation, and in June 2011 the companies signed an agreement on making a joint company, kremlin.ru says.
If Gazprom gets licences for two shelf blocks in the Churcha and Pechora Seas, the Russian company will get 66,7% shares in the Russian-Dutch joint project, and Shell will get 33,3%.
The new agreement between “Gazprom neft” and Royal Dutch Shell confirms the General partnership agreement on shale oil investigation and production.
According to the agreement, the companies will make “Salym Petroleum Development N.V” joint company for new shale gas projects in Khanti-Mansi Autonomous district. Both sides will have 50% shares of the company, which is to be registered in St.Petersburg.
Russia and Holland have been working together on Sakhalin Shelf, and believe that Sakhalin experience will be used for work on the Arctic shelf and with shale oil.
Gazprom believes the new company will increase a competence and a technological level of the Russian oil industry.
MURMANSK: Ecological groups gathered on Kola Peninsula fear that Barents nature will be the looser after Oslo decided to call off the environmental minister’s Moscow meeting in response to Russia’s annexation of Crimea.
TROMSØ: Since the first five specimens of snow crab were found in the Barents Sea in 1996, the population has exploded. There is now ten times as much snow crab than king crab in the area, and scientists are just starting to find out how this new species has adopted to life in the Barents Sea.
The current situation in Ukraine makes cross-border cooperation with the neighboring countries even more important, Barents Secretariat leader Rune Rafaelsen says. At the same time, Norway has joined NATO’s condemnation of Russia’s military escalation on the Crimea peninsula.
Board member Amund Trellevik in the press network fears entry-denial of Kremlin’s controversial propaganda-journalist Dmitry Kiselyov could be retaliated by refusing Norwegian journalists access to Russia.