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Lukoil and Gazprom Neft intend to develop production of reagents and surfactants

October 19/2021

MOSCOW (MRC) -- Lukoil and Gazprom Neft concluded an agreement on cooperation in implementation of oil recovery enhancement projects, said the company.

The agreement provides for joint work on improving chemical methods of enhanced oil recovery. It will lay the foundation for best practices exchange and collaboration in lab research, as well as for studies of surface-active agents and production stimulation chemicals.

The companies plan to join their efforts to develop national production of chemical agents and equipment for manufacturing of surfactant-polymer and polymer solutions for oil recovery enhancement. They also aim to test and introduce new chemical compounds when developing mature reserves at their fields?

Lukoil and Gazprom Neft will also evaluate prospects for creation of competence centres that would apply innovative equipment to select surfactant and polymer formulae.

Earlier it was reported that Gazprom Neft and Lukoil are creating a joint venture (JV) based on Meretoyakhaneftegaz to develop a large oil and gas cluster in the Yamalo-Nenets Autonomous Okrug.

According to the ICIS-MRC Price Report, Stavrolen, a subsidiary of Lukoil, has begun a sequential shutdown to repair its high-density polyethylene (HDPE) production facilities. The turnaround will be quite long and will take about 36 days. The annual production capacity is 300,000 tonnes.

Lukoil is the second largest oil company in Russia (the leader is Rosneft). It accounts for 2% of world oil production and 1% of world proven reserves, according to the company"s website. According to the Moscow Exchange as of March 11, Lukoil has surpassed Rosneft in terms of capitalization.

Gazprom Neft (headquartered in St. Petersburg, part of Gazprom, which owns 95.68% of the shares) is one of the largest Russian oil companies.
Author:Anna Larionova
Tags:natural gas, PP, PE, gas processing, neftegaz, petrochemistry, Gazprom, Gazprom neft, Lukoyl, Stavrolen.
Category:General News
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