Gazprom OAO And Royal Dutch Shell PLC Agree Partnership In Arctic, Khanty-Mansiysk-DJ

Tuesday, 9 Apr 2013 03:35am EDT 

Dow Jones reported that Gazprom OAO and Royal Dutch Shell PLC have agreed to jointly explore and produce offshore hydrocarbon resources in the Russian Arctic. The agreements cover the exploration and development of hydrocarbons in the Arctic shelf and confirm the companies' partnership for the exploration and production of shale oil in the Khanty-Mansiysk region of Western Siberia. The agreement for shale oil exploration and production in Khanty-Mansiysk is a 50%-50% joint venture and will be registered in St. Petersburg. 

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11:35am EDT