Shell Completes Withdrawal from its Interest in Salym Petroleum Development BV in Russia

Source Press Release
Company Shell PlcGazprom Neft PJSCGazprom PJSC 
Tags Asset Deals, Deals, Upstream Activities
Date March 03, 2023

Shell Salym Development B.V. – a subsidiary of Shell plc – has completed the withdrawal from its 50 per cent interest in the Salym project, which had been jointly developed with Gazprom Neft, a subsidiary of Gazprom. This follows the receipt of all necessary regulatory approvals.

Shell’s share in the venture in Western Siberia, along with other associated interests, has been acquired by Gazprom Neft.

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