Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and John Gass, Vice President, Nabors Drilling International Ltd, have signed a Memorandum of Understanding at this year’s St Petersburg International Economic Forum. The document confirms both companies’ mutual interest in investigating long-term collaboration on projects in the oil and gas industry in the Russian Federation.
The agreement involves, in particular, Nabors Drilling providing Gazprom Neft with effective drilling solutions and other oilfield services as required by Gazprom Neft, as well as investigating opportunities for improving the operational efficiency and CAPEX of existing onshore drilling rigs.
Gazprom Neft First Deputy CEO Vadim Yakovlev commented: “Our company, in continuing its ongoing development, strives to utilise the most cutting-edge technologies and latest equipment at its own oilfields. Using integrated production solutions will allow us to further improve safety and drilling efficiency at our assets.”
Nabors Industries owns and operates the world’s largest land-based drilling rig fleet and is a leading provider of offshore platform workover and drilling rigs. Nabors Drilling’s assets available on the global market include 41 offshore rigs and approximately 400 land drilling rigs.