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A deal has been signed between Russian giants Rosneft and Gazprom to create and jointly operate offshore field development infrastructure.
The agreement was signed by Igor Sechin, president and chairman of the management board at Rosneft, and Alexei Miller, chairman of the management board at Gazprom, in the presence of Russian Prime Minister Dmitry Medvedev at the XI Sochi International Investment Forum.
The two companies said in a joint statement they will strengthen cooperation to identify the most efficient methods and solutions to drive exploration of Russia’s continental shelf and resource development and replacement by combining technical and financial capacities.
They also will implement a long-term business strategy encompassing industrial, infrastructure, and socioeconomic development for the creation of “high-tech production facilities for the study, exploration and production of hydrocarbons, the exploration of offshore fields and the creation of transport and energy infrastructure,” they added.
One of the most important points in the agreement, according to the joint statement, covers the companies’ intention to join forces so as to ensure compliance with the terms of international agreements and Russian legislation governing environmental protection and safety and the protection and preservation of offshore natural and mineral resources.
Efforts to this effect will include creating an environmental monitoring system, developing innovative environmental protection measures and creating a research and development programme for exploration and production at offshore Russian fields.
Both companies also plan to put in place effective mechanisms to prevent accidents and emergencies, which will include joint regional emergency centres.
They are also keen to expand energy co-operation with a special emphasis on energy efficiency and renewable energy, the statement continued.