On October 2, 2019 at the Russian Energy Week International Forum in Moscow Salym Petroleum Development N.V. (SDP) and the Government of Khanty-Mansi Autonomous Region – Yugra concluded Addendum 2020 to the Social and Economic Cooperation Agreement.

The document was signed by Michael Collins, Chief Executive Officer of Salym Petroleum Development N.V., and Natalia Komarova, the Governor of Khanty-Mansi Autonomous Region – Yugra. The Agreement fixes SPD social investments to the region in 2020 and outlines social projects, programs and events to be supported by the Company in the autonomous region. SPD overall social investments in 2020 will total 80 million rubles.

SPD and the Government of Yugra will continue implementing large-scale social programs in health care, education, entrepreneurship, STEM, comprehensive safety programs. SPD will contribute significantly to improving road safety, enhancing safety and social stability, creating accessible environment for people with disabilities, preserving and developing indigenous peoples’ culture and traditions. The Addendum includes SPD participation in activities on reproduction of aquatic biological resources in the autonomous region. The Company will also review employment opportunities for local universities’ graduates.  

"Salym Petroleum aims to maintain a close neighbor relationship with the local community. We work to support actively the social projects aimed at improving the populations’ quality of life and promote projects on digitalization, innovation, energy efficiency and environmental safety”, - highlighted SPD Chief Executive Officer Michael Collins. - I am confident that our long-term partnership paves the way to successful implementation of new social programs contributing to improvement of Yugra residents living standards and supporting the region’s social and economic priorities”.

The agreement 2020 supports over a dozen of major international and regional events traditionally held in Yugra. Among the events there are Oil Capital International Forum, IT International Forum with BRICS and SCO countries, Save and Preserve International Environmental Campaign, Growth Point Yugra Business Management Cup Ugra, Young Specialists Conference, Yugra Hackathon 2020 Regional Contest for mobile application and web service developers.

As for education and entrepreneurship, Salym Petroleum will continue allocating grants to start ups businesses, support implementation of augmented reality engineering project for Yugra State University, provide VR equipment and interactive exhibits for the Museum of Geology, Oil and Gas and provide funding for repairs in educational institutions in Salym, Sentyabsky and Kut-Yakh. In healthcare, SPD will purchase medical equipment for Nefteyugansk regional hospital and Salym hospital.

Moreover, the Company will sponsor the following sports events:  International Chess Tournament named after A.Karpov, International Kayak Race for the Governor's Cup, sailing regatta and also finance projects aimed at promoting healthy lifestyle, construction of multipurpose sports ground for Salym, Sentyabrsky and arrange lectures, master classes and training with famous sportsmen.

SPD total social investments in the region since the start of the Salym project exceeds 1.2 billion rubles.

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