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Gazprom Shelf Project

Company

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Owners:
Gazprom - 50%

Content

Owners

+ Rosneft of the Tax Code

History

2023: Gazprom bought 50% of Gazprom Shelfproekt

Gazprom bought 50% in Gazprom Shelfproekt, which is a service contractor in the field of offshore exploration. The deal was carried out in February 2023, but it became known a month later. At the same time, its participants did not disclose the financial and other parameters of the agreement.

As Kommersant writes with reference to Gazprom's message, a new specialized center of engineering and technical competencies for work at offshore fields will be formed on the basis of Gazprom Shelfproekt by March 2023. Gazprom Shelfproekt noted to the publication that "the current technological challenges and withdrawal from the service market of foreign partners are due to the need for large holdings to find competencies for existing offshore projects." The creation of the joint venture will contribute to "the most effective development of the hydrocarbon potential of the continental shelf," according to the company.

Gazprom bought 50% in Gazprom Shelfproekt

The former name of Gazprom Shelfproekt is Aurora. The company bore this name until July 2022, it claims. Kommersant The beneficiary and head of the Aurora board of directors was the former deputy head of "" for Gazprom neft offshore projects Andrei Patrushev, the youngest son of secretary of the Security Council Nikolai Patrushev, the newspaper reported. By March 2023, the general director of the company is Alexander Korobkov, the former head of the company. "Gazpromneft Sakhalin

Taking into account the strategy of recent years to establish control over key contractors, it is logical that Gazprom entered the capital of Gazprom Shelfproekt, believes Mikhail Burmistrov, head of Infoline Analytics, but now the company faces the task of not increasing production, in particular, developing export sales and building additional infrastructure for export to Asia. According to him, the company is fulfilling its licensing obligations, but it is obvious that industrial development of the shelf, taking into account difficult ice conditions, equipment problems and technological sanctions, as well as unstable commodity market conditions, is not a priority and will be shifted beyond the 2030 horizon.[1]

Notes