Rosneft, Gazprom sign offshore co-op pact

Rosneft and Gazprom have signed a cooperation agreement under which they will jointly operate infrastructure for oil and gas field development offshore Russia.

According to a press statement by Rosneft, the companies will “strengthen cooperation to identify the most efficient methods and solutions to drive exploration of Russia’s continental shelf and resource and development and replacement by combining technical and financial capacities.”

The statement said the agreement “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.”

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