BP announced on September 2, 2016, that the company, Rosneft and Schlumberger have inked an agreement on research and development of seismic exploration technologies.
The project envisages an initial 2-year period to complete the development of a seismic acquisition system.
The technology aims to revolutionize the design and acquisition of 2D and 3D seismic surveys, which in turn will improve subsurface imaging and the efficiency of exploration, appraisal and field development. The ability to deliver faster and better quality seismic data acquisition at lower cost compared to conventional seismic surveys will also bring environmental and safety benefits in difficult to access areas and extreme climates.
The agreements were signed at the Eastern Economic Forum (EEF) in Vladivostok, Russia, by Rosneft CEO Igor Sechin and President of BP Russia David Campbell. Schlumberger was represented by President for Russia and Central Asia Gokhan Saygi.
BP does not plan to increase or cut investment in Rosneft, said on September 2, 2016, BP´s CEO Robert Dudley in Vladivostok.
«We worked in Russia for more than 25 years with long history, we have great relationships and partnerships. And we have resilience and resistance. For us we continue investing in Russia…we work closely with Rosneft, so I can offer a word of confidence about investing in Russia,» stressed Dudley.