Salym Petroleum Development N.V Overview
Company Headquarters: The Hague, Netherlands
Founded: 1996
Workforce: ̃1000
Company Working: Salym Petroleum Development N.V., an oilfield service provider is a joint venture between Shell Salym Development B.V. and Gazprom Neft. The company is engaged in well construction, well testing, oil production, new drilling technologies, and enhanced oil recovery. Under oil production segment, smart well technology is delivering less number of well pads and improved field infrastructure. The company has 410 contractors, 90% of which are Russian. The company had started the pilot operation of smart wells in 2006. The company holds four exploration and production licenses, which improve the economic development of the company and the region. Salym Petroleum Development N.V. oilfields developed by Salym Petroleum Development is located in the Nefteyugansk district of the Khanty-Mansi Autonomous Okrug - Ugra. The company operates in Moscow, Tyumen, Nefteyugansk, Khanty-Mansiysk, and Salym in Russia.
The company had successfully explored 96 million tonnes oil reserve in West Saylm, 25 million tonnes in Upper Saylm, and 18 million tonnes oil reserves in Vadelyp, which were approved by Russian Federation State Committee.
Strategy
Salym Petroleum abides by the standards and regulations of the Russian Federation State Committee to ensure sustainable development, and environmental protection, as well as to achieve the business goal of being the best operator in Western Siberia. As key strategy, the company is looking for ways to strengthen its business growth and reduce operational costs for improved returns to shareholders. Additionally, it strengthens its position by delivering high standards of performance, ensuring transparency in operation, and maintaining competitiveness by engaging efficiently, responsibly and balancing the business profit. It has been working on improving the delivery strength by following an appropriate approach for health, safety and environmental management and becoming a market leader in the highly competitive market.
