Маrch 2008

14.03.2008
Salym Petroleum Development, OAO NK RussNeft and OOO Monolit work on joint utilisation of associated petroleum gas
Khanty-Mansiysk. On March 14, 2008 Salym Petroleum Development N.V. (SPD), OAO NK RussNeft and OOO Monolit signed a Memorandum of Understanding in Khanty-Mansiysk. The Parties agreed upon the main principles of interaction on the utilisation of the associated petroleum gas from the Salym and Shapshinskoe fields in the Khanty-Mansi Autonomous Okrug. According to the Memorandum the associated petroleum gas from these fields will be processed at the Gas Processing Plant (GPP), which be built within the territory of the West Salym field. The dry gas will be used to generate power required for RussNeft and SPD operations in the above fields. The surplus gas will be delivered to the gas transportation network.

OOO Monolit will handle the construction of the GPP and associated infrastructure as well as their operation. The Parties agreed to enter into discussions to prepare and sign bilateral legally binding agreements.

 For SPD engagement in this project will open additional opportunities for associated gas utilisation. A gas turbine power plant built by SPD to generate power using associated gas is already in operation in the West Salym field.

OOO Monolit is a company specialized in project management for construction and operation of associated petroleum gas (APG) utilization complexes. The company is engaged in several projects on APG utilization at the territory of Khaty-Mansi Autonomous Okrug with the total volume of processing of about 800 million cubic meters of APG. .

Source: "Prime-TASS"