Salym Petroleum Development, established in 1996, (Salym Petroleum Development, Salym Petroleum, SPD) is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

between

Gazprom Neft Gazprom Neft (russian: Газпром Нефть; formerly Sibneft, russian: Сибнефть, link=no), is the third largest oil producer in Russia and ranked third according to refining throughput. It is a subsidiary of Gazprom, which owns about ...

and

Shell plc Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New ...

for development of the Salym group of oil fields in

West Siberia Western Siberia or West Siberia (russian: Западная Сибирь, Zapadnaya Sibir'; kk, Батыс Сібір) is a part of the larger region of Siberia that is mostly located in the Russian Federation. It lies between the Ural regio ...

. It is a joint-stock company incorporated under Dutch law ().

History

Since 2003, Salym Petroleum Development (SPD) has been involved in the integrated development of three oil fields: West Salym, Upper Salym, and Vadelyp. They are located in the

Khanty-Mansi Autonomous Okrug Khanty-Mansi Autonomous Okrug–Yugra ( Russian and Mansi: Ханты-Мансийский автономный округ — Югра, ''Khanty-Mansiysky avtonomny okrug — Yugra;'' Khanty: Хӑнты-Мансийской Aвтономно� ...

, southwest of

Surgut Surgut ( rus, Сургу́т, p=sʊrˈgut; Khanty: Сәрханӆ, ''Sərhanł'') is a city in Khanty-Mansi Autonomous Okrug, Russia, located on the Ob River near its junction with the Irtysh River. It is one of the few cities in Russia to be l ...

and of Salym, respectively. The total recoverable oil reserves were at one point estimated to be 140 million tons, and the total area of licenses is about . In the summer of 2006 SPD exceeded an annual production volume 1 million tons, and In 2014 the company produced about 6.55 million tons of oil.

Activities

A liquefied petroleum gas (LPG) plant was commissioned in May 2012 for associated petroleum gas processing. The project was implemented by a partner company, Monolit LLC (Rose of the World group). It currently receives petroleum gas from the Salym fields and the Shapsha group of fields,

RussNeft Russneft () is a Russian oil company headquartered in Moscow which was established by Mikhail Gutseriev in 2002. It is a member of the SAFMAR industrial and financial group. Background Russneft was founded in September 2002 by Mikhail Gutserie ...

holding the license for development of the latter. Currently, Salym Petroleum Development is working on

enhanced oil recovery Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted otherwise. EOR can extract 30% to 60% or more of a reservoir's oil, compared to 20% to 40% using ...

technology.

References

External links

Salym Petroleum website

Salym Petroleum
on

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{{Authority control Oil companies of Russia Gazprom subsidiaries Shell plc subsidiaries Companies based in Moscow