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Rosneft and Schlumberger Announce Technology Cooperation Agreement

04 June 2021

At the 24th St. Petersburg Economic Forum, Rosneft and Schlumberger signed a technology cooperation agreement for joint innovation projects relating to the science, design, and operation of oil and gas fields in Russia.

Under the terms of the agreement, the companies will cooperate in various technology fields, including the development of advanced technical solutions for the design of production facilities as well as modular, mobile solutions that will enable optimization of field development, operation, and production. There will also be an opportunity to review Rosneft digital solutions to ensure an integrated approach in geology, geophysics, reservoir management, and field infrastructure. 

Employees of the two organizations will be able to learn from each other and further develop their skills through sharing their experience and technical expertise on specific projects.  

In his commentary on execution of the agreement, the Chief Executive Officer of Rosneft Igor Sechin said: “Schlumberger is one of our key oil services partners. Schlumberger is interfacing in many ways with Rosneft research and design units and assists with the rollout of innovative products developed in Russian R&D centers throughout the world.  We are happy to unite our efforts, expertise and competencies and to develop and use the cutting-edge technologies for improvement of operational performance”.

“For many years, Rosneft has been running industry-leading integrated projects. These types of projects stand to benefit further from the combined efforts of the best technical experts across multiple disciplines and domains including access to the latest digital and automation technologies,” commented Gokhan Saygi, president, Russia and Central Asia, Schlumberger. “We appreciate the opportunity to strengthen our collaboration with Rosneft on such unique projects.”

Rosneft Information Division
 June 4, 2021

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.