Gazprom & OMV Review Yuzhno-Russkoye Field Development
Yuzhno-Russkoye FieldGazprom

Gazprom & OMV Review Yuzhno-Russkoye Field Development

A meeting between Gazprom Chairman Mr Alexey Miller and OMV Chairman Mr Rainer Seele took place at the St. Petersburg International Economic Forum

A meeting between Gazprom Chairman Mr Alexey Miller and OMV Chairman Mr Rainer Seele took place at the St. Petersburg International Economic Forum 2021. They looked into the current issues and prospects of their strategic cooperation. In particular, consideration was given to the success of joint development of the Yuzhno-Russkoye field, where total gas production reached 300 billion cubic meters in 2020. The companies are developing their scientific and technical cooperation. The relevant sci-tech program for 2021–2025 is being implemented. It encompasses such areas as efficient well drilling and completion techniques, enhanced production of hydrocarbons, digitalization, energy conservation and environmental protection, and research on energy market outlooks.

Background

OMV AG is Gazprom's main partner in Austria. The companies cooperate in such areas as gas production, transportation, and supplies. At the St. Petersburg International Economic Forum 2018, Gazprom and OMV signed the Memorandum on Strategic Cooperation. In October 2020, Gazprom Export and OMV Gas Marketing & Trading GmbH entered into a new long-term contract for gas supplies to the German market.

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