Shell has closed the sale of its 50% interest in the Salym Petroleum Development in Russia to Gazprom Neft, a subsidiary of Russian state energy firm Gazprom, for an undisclosed sum.

The sale includes Shell’s stakes in the venture in Western Siberia, in addition to other associated interests.

Effective 3 March 2023, Gazprom Neft subsidiary GPN-Middle East Projects owns a 50% stake in Salym Petroleum Development, reported TASS news agency, citing the Unified State Register of Legal Entities.

OOO GPN-Salym Projects, a subsidiary of Gazprom Neft, owns the remaining 50% stake.

In February 2023, Gazprom Neft secured a permit from President Vladimir Putin to acquire Shell’s stakes in the Salym Petroleum and Khanty Mansi Oil and Gas Union projects, reported Interfax.

Salym Petroleum Development is developing the Salym group of fields in the Khanty Mansi Autonomous District.

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These fields include Zapadno-Salymskoye, Verkhnesalymskoye, Vadelypskoye, Yuzhno-Yamskoye, Vostochno-Shapkinskoye, and Salymsky-2.

In a separate announcement, Shell and its partners QatarEnergy and Namcor made an oil discovery in the Orange Basin offshore southern Namibia, following the drilling of the Jonker-1X exploration well.

After drilling to a total depth of 6,168m using the Deepsea Bollsta semi-sub rig, the deepwater exploration well intersected a reservoir with light oil.

Shell Namibia country chair Dennis Zekveld said: “We are encouraged by a further deep-water discovery, our third in Namibia, and pleased to confirm the safe conclusion of the well.

“Jonker again demonstrated the joint venture’s strong commitment to advancing oil and gas exploration in Namibia and to progressing follow-up opportunities after last year’s discoveries.”