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Gazprom Neft, ADNOC ink agreement to explore upstream, downstream opportunities

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Gazprom Neft, ADNOC ink agreement to explore upstream, downstream opportunities

Public Joint Stock Company Gazprom Neft and the Abu Dhabi National Oil Co. signed an agreement to explore new opportunities for collaboration in the upstream and downstream sectors.

Under the agreement, the two companies will look into "opportunities in sour-gas exploration and production, developing enhanced oil and gas recovery strategies and developing innovative technologies for investigating carbonate reservoirs," according to an Oct. 16 release from Gazprom Neft.

ADNOC and Gazprom will also assess opportunities for joint projects in oil and gas field development, which includes concessions in Abu Dhabi, the release said. The partners will also pursue collaboration in developing management systems, information technologies and artificial intelligence.