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.
A step-by-step increase up to SEK 5,5 billion will be added to the annual defense budget following the Ukraine crisis. The cash will partly come by cutting spending on environment and nuclear safety cooperation with Russia.
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.
More than 900 reindeer die of hunger on the Russian Arctic island of Kolguyev following a critical lack of available local pasturelands. The reindeer stocks in the area are too badly managed, regional authorities admit.
Three days processing of visa-applications is history. “Always apply at least 15 days prior to scheduled departure. Our processing time is 10 days,” says Marit Egholm Jacobsen, head of the visa section at Norway’s Consulate General in Murmansk.
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.
“Young journalists are the future of cross border communication in the North. We feel it is important to give them a possibility to network and learn about new media”, says Virpi Komulainen, project coordinator of the Barents Mediasphere.