Shell completes withdrawal from Salym project, Russia

Shell Salym Development BV, a Shell plc subsidiary, completed the withdrawal from its 50% interest in the Salym project, which had been jointly developed with Gazprom Neft, a subsidiary of Gazprom.

In March 2022, Shell said it was undertaking a complete but phased withdrawal from all Russian-related oil and gas activities, including the Salym development in the Khanty Mansiysk Autonomous District of western Siberia (OGJ Online, Mar. 8, 2022).

The withdrawal follows the receipt of all necessary regulatory approvals, the company said in a release Mar. 3.

Shell’s share in the venture in Western Siberia, along with other associated interests, has been acquired by Gazprom Neft.