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Rosneft and Pietro Fiorentini Expand Industrial Cooperation

24 October 2018
Photo Credit: Press Service of the President of Russia

Rosneft and Pietro Fiorentini S.p.A in the framework of the visit of the Italian delegation to Russia agreed to extend the existing agreement on industrial cooperation until the end of 2019, and signed a new agreement. The document was signed in the presence of the President of the Russian Federation Vladimir Putin and the President of the Council of Ministers of the Italian Republic Giuseppe Conte by Igor Sechin, Chief Executive Officer of Rosneft, and Paolo Nardi, Managing Director of Pietro Fiorentini.

The new agreement is aimed at the development of technological cooperation between the companies, which began in May 2017. The document provides for additional pilot tests of equipment that measure the volume of hydrocarbons produced (multiphase flow meters of wet gas) and high integrity pressure protection systems against high pressure «HIPPS» produced by Pietro Fiorentini. If the pilot trials prove to be successful, the parties will consider the prospects for further cooperation in localizing the production of measurement equipment, as well as other products and services that may be of interest to Rosneft.    

The first trials of the multiphase flow meter were carried out at one of the Company's oil and gas fields in the winter of 2017-2018 and confirmed the performance of the equipment.

For reference:

Pietro Fiorentini S.p.A is a world leader in high-tech equipment in the Italian industry, that develops, designs and manufactures products and plants for control, metering, and conditioning of natural oil and gas.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
October 24, 2018

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.