Rosneft and Baker Hughes have signed a Carbon Management Cooperation Agreement at the XXIV St. Petersburg International Economic Forum.
This Agreement confirms the mutual aspiration of Rosneft and Baker Hughes for the joint development, testing and implementation of advanced carbon management technology solutions.
The companies will assess the potential of greenhouse gases detection, measurement, assessment and emission reduction technologies and equipment application with a focus on methane emissions at Rosneft production facilities.
The implementation of Baker Hughes’ low carbon technologies for drilling, oilfield services, artificial intelligence digital solutions and energy efficiency application opportunities are expected to contribute to Rosneft’s overall energy efficiency improvements. The parties will also consider alternative energy sources, including hydrogen opportunities.
Joint advanced low carbon developments and technologies may also be applied as part of the Vostok Oil project implementation in the north of Krasnoyarsk Territory.
The Agreement includes a number of actions for the practical application of modern technologies. These include exchange of carbon management technical information and sharing of engineering experience, holding joint events and carbon management workshops and conducting technology pilot tests at the Company operating facilities.
