OAO Gazprom Neft (SIBN.RS), the oil arm of state-controlled gas giant OAO Gazprom (GAZP.RS), has signed a technological cooperation deal with oilfield services company Halliburton Co. (HAL), the Russian firm said in a statement Tuesday.
OAO Gazprom Neft (SIBN.RS), the oil arm of state-controlled gas giant
OAO Gazprom (GAZP.RS), has signed a technological cooperation deal with
oilfield services company Halliburton Co. (HAL), the Russian firm said in a
statement Tuesday.
The companies will exchange data and know-how on using innovative technology,
including for work on hard-to-recover resources.
Russia
,
which vies with
Saudi Arabia
as
the world's top oil producer, is looking to develop more complex oil resources
as output at its Soviet-era fields dwindles.
Gazprom Neft wants to raise its annual hydrocarbon production to 100 million
metric tons of oil equivalent by 2020, the company's first deputy chief
executive, Vadim Yakovlev, said in a statement. More than half of that total will
come from the use of new technologies, he added.
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