Gazprom neft' OAO, Royal Dutch Shell PLC To Team Up On Shale Oil, Arctic-Reuters

Thursday, 4 Apr 2013 11:16am EDT 

Reuters reported that Gazprom neft' OAO and Royal Dutch Shell PLC will agree to drill for shale oil in Western Siberia and explore Russia's Arctic shelf when President Vladimir Putin visits the Netherlands next week. The deals underscore the Kremlin's drive to open up access to Russia's trove of hard-to-recover energy reserves to international energy firms with the expertise needed to secure its position as a leading global oil and gas producer. 

Company Quote

10.0 +0.40%
8:38am EDT