30.03.2016

Rosneft and Siemens develop cooperation

Rosneft and Siemens AG signed a Cooperation and Partnership Agreement. The document was signed by Rosneft Chairman of the Management Board Igor Sechin and Siemens AG Chairman of the Management Board Joe Kaeser. The agreement provides for the companies to study opportunities for cooperation in the development of technical solutions and manufacturing allocation of equipment for the fuel and energy sector.

Rosneft and Siemens AG signed a Cooperation and Partnership Agreement. The document was signed by Rosneft Chairman of the Management Board Igor Sechin and Siemens AG Chairman of the Management Board Joe Kaeser. The agreement provides for the companies to study opportunities for cooperation in the development of technical solutions and manufacturing allocation of equipment for the fuel and energy sector.

Areas of cooperation include projects of hydrocarbon production, refining and transportation, as well as shipbuilding. In particular, the parties plan to cooperate in the area of development and application of energy-efficient technologies for oilfields and refineries, such as heat recovery systems, variable speed drives and modernized power networks («Smart Grid» systems), compressors for onshore and offshore fields. The cooperation also provides for participation of Siemens specialists in application of solutions for the management of distribution networks to be used in oil production and refining.

The parties also agreed on assessment of the potential for joint activities in the area of innovative solutions for shipbuilding. It includes the possibility of implementation of a ”digital” shipyard concept, as well as projects of development of submarine power systems, floating production, storage and offloading units (FPSO). The agreement also provides for cooperation between the companies in upgrading Rosneft’s tank farms and commodity parks.

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