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Gazprom Neft and Weatherford seal oilfield technology partnership

12th September 2014

Gazprom Neft and Weatherford announced on Wednesday the signing of a strategic cooperation agreement that will enable technology collaboration through frequent knowledge and information sharing

Gazprom Neft and Weatherford seal oilfield technology partnership
'The signing of this agreement supports the expansion of our current relationship and will undoubtedly prove to be beneficial in achieving the long term strategic goals of both organisations' - Weatherford

The experts of Gazprom Neft and Weatherford will jointly explore opportunities to determine the right technology solutions for the development and production of oilfields.

This will take into consideration the specific features and nature of the projects to ensure efficiency and effectiveness.

In addition, Weatherford will hold specialised workshops to introduce Gazprom Neft subject matter experts to the technology application principles, including solutions applied in the development of its hydrocarbon resources.

“As a leader in the Russian oil industry in terms of certain economic efficiency indicators, our company is in constant search for solutions that will enable us to implement increasingly complex projects, while improving our operating results through the use of the most environmentally-friendly technologies,” said Vadim Yakovlev, first deputy general director, Gazprom Neft. “We are glad to cooperate with Weatherford and other leading international oilfield service companies, and adopt their experience, know-how and resources to enhance our capabilities and the highest implementation into our reserves development.”

Commenting on the signing, Lance Marklinger, Weatherford region vice president for Russia, said: “We are pleased to formalise our strategic partnership with Gazprom Neft and look forward to collaborating closely with their specialists in developing the processes and technologies best suited to optimizing the production potential of their field development projects. The signing of this agreement supports the expansion of our current relationship and will undoubtedly prove to be beneficial in achieving the long term strategic goals of both organisations.”

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