OREANDA-NEWS  Gazprom Neft's subsidiary received Shell's 50 percent stake in the former joint venture Salym Petroleum Development, thus the Russian company received the joint venture under its control, follows from the data of the Unified State Register of Legal Entities.

According to an extract from the Unified State Register of Legal Entities, a 50% stake in Salym Petroleum Development was received by GPN-Middle Eastern Projects on March 3. This share was previously owned by Shell. The second 50% belongs to GPN-Salym Projects. Thus, the company is now fully owned by Gazprom Neft.

Shell reported that on December 22 it signed documents with Gazprom Neft on the sale of a 50 percent stake in this joint venture to a subsidiary of a Russian company, adding that the completion of the process is expected after a number of approvals in the Russian Federation. In February, Russian President Vladimir Putin allowed the deal to be made. In August, at the request of Gazprom Neft, the company was transferred by the court from the Dutch jurisdiction to the Russian one and transformed into an LLC. Gazprom Neft called Shell's commission of actions impeding the functioning of a foreign legal entity in the Russian Federation the basis for applying to the court, implying Shell's February statement on the suspension of activities in Russia.

Salym Petroleum Development (SPD) has been developing the Salym Group of oil fields in Western Siberia since 2003. Over the years of the Salym project, more than 1,600 wells have been drilled and more than 100 million tons of oil have been produced.