RUSPETRO IN TIGHT OIL TECHNOLOGY PARTNERSHIP WITH SCHLUMBERGER

(Ruspetro, London)   Ruspetro today announces that the Company has signed a technical partnership agreement with Schlumberger, the world’s leading oilfield services company, to advance its field development plan and drill a number of horizontal, multistage fractured wells using best-in-class tight oil technology and technical expertise. Schlumberger team will work alongside Ruspetro's technical team in the Moscow offices to high grade current and future drilling locations for appraisal and development wells. The Bazhenov shale layer will also be cored and logged as a basis for the future development of this formation. Schlumberger's remuneration is directly linked to production results. RusPetro, headquartered in London.is an independent oil and gas producer operating in the central portion of the Krasnoleninsk field in Western Siberia. Drilling rig in Krasnoleninsk field – Image: Ruspetro