Friday September 22, 2017 13:22

Energy Press Release : 03 Apr 2017

Photo Release: PTTEP signs MoU with JOGMEC for cooperation in Research and Technology Development to enhance oil and gas production effectiveness Energy—03 Apr 17

Mr. Kanit Sangwongwanich, Executive Vice President for Engineering and Development Group, PTT Exploration and Production Public Company Limited (PTTEP), recently signed a Memorandum of Understanding (MoU) with Mr. Makoto Ichikawa, Executive Director,

Lamor Corporation and Rosneft Sign Cooperation Agreement Energy—03 Apr 17

PORVOO, Finland--3 Apr--PRNewswire/InfoQuest
Lamor Corporation and the Russian oil giant Rosneft signed a Cooperation Agreement at the IV International Arctic Forum, in Arkhangelsk, Russia.
(Logo: http://mma.prnewswire.com/media/484915/Lamor_Logo.jpg )
(Photo: http://mma.prnewswire.com/media/484916/Fred_Larsen_Andrey_Shishkin.jpg )

The partnership will evaluate prospects of localizing production of oil spill response (OSR) equipment and machinery in Russia for the Arctic region. Localization of production is forecasted to be at least 70% by 2025, and the equipment will be manufactured at a Rosneft shipbuilding facility. The parties aim to establish joint production of specialized floating crafts, equipment for oil spill recovery at sea and on land, oil containment booms, as well as other equipment and components.

"We are very pleased to team up with Rosneft. As long-standing partners, we have been supplying OSR equipment for Rosneft's production assets for the past 20 years," stated Fred Larsen, President and CEO of Lamor Corporation.

"We have service centers in Russia to provide maintenance and support for OSR equipment, Ecoshelf in Sakhalin and Ecoshelf-Baltika in St. Petersburg, that have been in operation for 18 years. Joint production with Rosneft takes our presence in the Russian market