Salym Petroleum Development N.V. (SPD) is a Joint Venture set up in 1996 with a view to develop the Salym group of oilfields in Western Siberia. SPD shareholders on a 50:50 basis are Shell Salym Development B.V. and Gazprom Neft.
SPD has come to a region which has for many years been the heartland of the Russian oil industry. Major Russian oil companies operate here. These are staffed with highly skilled oil professionals and have an abundant experience of working in tough Siberian climate conditions.
As a joint venture, SPD seeks to adopt all valuable and advanced features from the Russian oil production experience and combine them with the best practices of the Shareholders and other leading oil companies. We believe that such combination of different operational cultures will ensure a performance that will make us one of the best in class oil producing companies in Russia.
To be one of the best in class operators — that is the benchmark SPD set for itself during the implementation of the Salym Project. We seek to become a company that is characterized not only by top-notch production performance, but also by high health, safety and environmental standards and social commitment. It is very important to us that in the region where we operate, SPD is regarded as an operator who appreciates local social and economic issues and makes an appropriate contribution to resolving them. We also attach great importance to such core ethical values as honesty, integrity and respect for people. These are an integral part of our corporate culture and business practice.
Based on these principles and values, the SPD team is working on the Salym Project with great devotion and interest. We are confident that its successful implementation will contribute to the growth of the oil sector and to further economic development of Western Siberia and Russia as a whole.
Chief Executive Officer
Salym Petroleum Development N.V.