Executives of Gazprom International headed by Managing Director and CEO Andrey Fick took part in the 22nd Saint Petersburg International Economic Forum (SPIEF 2018) on 24-26 May 2018.
On 24th of May during the first day of the forum, a meeting between PJSC Gazprom, Gazprom International and PetroVietnam was held. The sides discussed the current issues as well as plans for implementation of the joint energy and NGV projects in Vietnam.
During the SPIEF 2018, Andrey Fick and Sergey Tumanov, Managing Directors of Gazprom International, held a number of working meetings with foreign companies’ representatives and discussed possibilities of cooperation within the framework of current and promising company’s projects.
On 25th of May, the Russian side met withErnst & Young and TechnipFMC to talk over project management and field development as well as performance improvement using the technological solutions designed by TechnipFMC. Furthermore, the sides discussed plans on joint seminars on the offshore drilling.
On the same day, Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan and Chairman of the Management Committee of JSC Uzbekneftegaz, and Vitaly Markelov, Deputy Chairman of the Management Committee of PJSC Gazprom, signed Addendum No. 2 to the Production Sharing Agreement (PSA) on additional development of Shahpahty field at the Gazprom’s booth.
The Addendum provides for continuation of gas production under the same commercial terms up to 2024 using previously constructed production facilities.
The Shahpahty gas field was discovered in 1962 in the southeast of the Ustyurt Plateau in the Kungrad district of the Republic of Karakalpakstan in Uzbekistan. This is the pilot project of Gazprom International in the Republic of Uzbekistan that is being implemented under the terms of the Production Sharing Agreement signed in 2004. Workover and gas production activities are being carried out under the development license for four productive formations of the field. The total cumulative gas production has exceeded 4 bcm since 2004.
Gazprom International is the sole specialized enterprise for implementing Gazprom's projects in the areas of prospecting, exploration and development of hydrocarbons outside the Russian Federation. The company is currently conducting its activities in nearly twenty countries on three continents.
PetroVietnam is the main partner of Gazprom in Vietnam, which specializes on hydrocarbon exploration, production, processing, transportation and sales.
In partnership with PetroVietnam, Gazprom International carries out exploration works within Blocks 111, 112, 129-132 and production works within Blocks 05-2 and 05-3 on the continental shelf of Vietnam. Apart from this, the company participates in the joint Vietnamese-Russian project PVGAZPROM Natural Gas for Vehicles on the NGV production.
Uzbekneftegaz is the main partner of Gazprom in Uzbekistan, which specializes on the oil and gas exploration, production, processing, transportation, storage and sales. Since 2004, the Gazprom Group participates in additional development of the Shahpahty field producing gas under PSA.
In 2006 Gazprom and Uzbekneftegaz signed the Agreement on Basic Principles of Subsoil Exploration within Investment Blocks in Ustyurt region of Republic of Uzbekistan. Gazprom International is the operator in this project. In 2009, the Dzhel gas condensate field was discovered in the Shahpahty block.
In April 2017, Gazprom and Uzbekneftegaz signed the Purchase Agreement according to which the Russian company would buy 4 bcm of Uzbek gas per year for a period of up to five years starting from 2018 and the Agreement on joint exploration, and engineering and innovation works.