RUSSIA - Strategic AlliancesOn Nov. 17, 1997, Shell and Gazprom signed a wide-ranging alliance agreement with Gazprom, under which Shell was to invest up to $1 bn in a convertible Gazprom bond. They were to establish a 50-50 venture to develop the giant Zapolyarnoye oil and gas field in west Siberia to produce 500,000 b/d of oil and condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. . This will be the first of several JVs to be set up by the two companies. Zapolyarnoye was discovered in 1965. Its explored reserves are 3,532 BCM BCM Baylor College of Medicine BCM Become BCM Business Communications Manager (Nortel) BCM Broadcom Corporation BCM Business Continuity Management BCM Business Contact Manager (Microsoft) of gas, 88m tons of recoverable condensates and 44m tons of recoverable oil. Another JV will develop several oil and gas liquid fields in west Siberia. There will be a JV for a gas-fed IPP (Internet Printing Protocol) A protocol for printing and managing print jobs over the Internet using HTTP. Initially conceived by Novell, Xerox and others, the IETF made it a standard in 2000 that includes authentication and encryption. See printing protocol and LPD. in east Europe, a JV for oil and gas pipelines to be built through Turkey, and a JV for a gas swap system in Europe. Prirazlomnoye, a major Gazprom oil and gas field in the Arctic Pechora Sea Pechora Sea Russian Pechorskoye More Sea, southeastern extension of the Barents Sea, north of European Russia. It is located between Kolguyev Island and the Yugorsky Peninsula. , is to be developed in partnership with BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. of Australia and Rosshelf (a military/ industrial group in which Gazprom has a large stake). BHP, one of Gazprom's strategic allies, is to apply new technology for the field to produce 120,000 b/d of oil. Shtokmannovskoye, another Arctic giant with 3,200 BCM of gas and 31m tons of condensates, is to be developed by Rosshelf. Gazprom and Statoil of Norway are jointly exploring the Medynskaya More field in the Pechora Sea, where hydrocarbons were encountered at a first well in mid-1997. Statoil is meeting 25% of the costs. The Norwegian NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, is already exploring with Gazprom the neighbouring Varandey More area, where seismic surveys were shot in mid- 1997. |
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