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April 21, 2015 10:14 PM ET

Energy Equipment and Services

Company Overview of Salym Petroleum Development N.V.

Company Overview

Salym Petroleum Development N.V. engages in the exploration and production of oil and gas in Western Siberia and the Russian Federation. The company was founded in 1996 and is based in Moscow, the Russian Federation. It has locations in Upper Salym, West Salym, and Vadelyp. Salym Petroleum Development N.V. is a joint venture between GazpromNeft Finance BV and Shell Salym Development B.V.

31, Novinsky blvd

Moscow,  123242

Russia

Founded in 1996

Phone:

7 4955 18 97 20

Fax:

7 4955 18 97 22

Key Executives for Salym Petroleum Development N.V.

Chief Executive Officer
Head of Sustainable Development
Head of Completion and Well Intervention
Compensation as of Fiscal Year 2014.

Salym Petroleum Development N.V. Key Developments

Salym Petroleum Development to Drill First Well into Bazhenov Suite Before Year-End

Salym Petroleum Development (SPD) will begin drilling a first well into the Bazhenov horizons in its license territory in the second half of December 2013. SPD plans to drill a total of five wells in its license territory in 2014-2015, the head of the company's departments for new technologies and geology and field development, Yakov Volokitin. The company expects to begin pilot production in 2016-2017, at a total cost of $150 million. Full-scale development will commence in 2018-2019. The Salym project is providing Gazprom Neft and Shell with experience in developing difficult to recover reserves. A road map has been drafted setting out the steps toward commercial development of the Bazhenov Suite of the Verkhne-Salymskoye oil field.

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