The joint venture, OOO Kogalym Chemicals Plant, will be based in Kogalym (West Siberia, Russia) and will provide Lukoil production operations in West Siberia with Nalco’s upstream chemical technologies and services, including well stimulation and cementing additives, as well as oil field production and enhanced oil recovery programs.
The joint venture will sell the oilfield programs and products to other oil and gas producers in West Siberia.
Nalco’s investment in the joint venture will permit further enhancements of the production process at Lukoil’s Kogalym facility and the production of Nalco’s programs.
The joint venture will be majority controlled by Nalco. It is planned that production volume for the joint venture will increase seven fold by 2015, from an expected 4,000 tons to 28,000 tons per year.
