Bryan Cave Leighton Paisner advises Gazprom Neft on launching JV with Zyfra to develop oil and gas digital solutions
Bryan Cave Leighton Paisner, formerly Goltsblat BLP in Russia, has completed its mandate for Gazprom Neft relating to its JV with Zyfra for developing a digital industrial platform and promoting new process solutions in the oil and gas sector.
The JV plans to launch a new digital production management platform designed for oil and gas companies as early as in 2021. The JV’s digital novelties will focus on centralising operational management and creating AI-based digital twins.
The technology behind the JV is the ZIIoT (Industrial Internet of Things) Platform, Zyfra’s digital oil refining services and Gazprom Neft’s R&D products for oil and gas technological process control. Gazprom Neft will provide industrial expertise and access to Big Data and industrial sites for trying out and testing technology solutions. In turn, Zyfra will ensure the JV’s products are promoted internationally, primarily on the South-East Asian and Latin American markets where the company is already quite visible. Sold licence implementation will be handled by the clients’ servicing functions and system integrators, with approximately 100 specialists working on the JV’s digital tasks.
The JV will be head-quartered in St Petersburg.
The BCLP Russia project team led by Anton Sitnikov, Partner, Head of Corporate / M&A (Russia), Nikolay Kholshev, Counsel, Corporate/M&A, and Anton Nefedev, Counsel, Head of IP in Technology, also included Associates Ruslan Nurullaev, Corporate/M&A, and Egor Salmov, Commercial, and was invaluably supported by Counsel Andrey Neminuschiy, Antitrust & Competition, Associate Artemiy Bondarev, Banking & Finance, Junior Associates Elena Naumova, Corporate/M&A, and Daniil Betuganov, IP, and Paralegals Alexey Perminov and Gleb Aleksandrov.
Anton Sitnikov comments: “We were delighted to be part of this complex and challenging project of great value for our client’s strategic development. We have recently noted a surge in client demand for hi-tech and AI-related legal offerings so we would like to thank Gazprom Neft for the trust they placed in us and, on behalf of the entire team, to wish the new JV success and prosperity“.
This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.