Salym Field Development

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Presentation transcript:

Salym Field Development Harry Brekelmans – CEO Salym Petroleum Development NV January 2009 SPE Moscow Monthly Meeting

OUTLINE Introduction Salym Field Development: Lessons Learnt The Film Looking forward Q & A © 2009. Salym Petroleum Development N.V. All rights reserved

Introduction 50-50 Joint Venture between Shell Salym Development and Evikhon License awarded to JV partners in the 90’s Extensive negotiations followed to agree terms and conditions, coinciding with low price environment Project sanctioned in 2003 – at the time largest foreign onshore investment in Russia, with budget > 1 bln USD First development well drilled in West Salym in 2004 First oil through main facilities produced end 2005 Broke 100 000 bbl/d production level in 2007 Today’s production around 149 000 bbl/d © 2009. Salym Petroleum Development N.V. All rights reserved

Key Learnings Success founded on bedrock of best Russian talent and practices Select & focused introduction of IOC people, practices, technology Deep integration with contractors and suppliers Embedded in unique culture characterised by: Dynamism Learning Innovation Teamwork and Continuous improvement © 2009. Salym Petroleum Development N.V. All rights reserved

Q & A EVIKHON