Bryan Cave Leighton Paisner Helps Gazprom Neft Establish Joint Venture with Tsifra Group

Bryan Cave Leighton Paisner Helps Gazprom Neft Establish Joint Venture with Tsifra Group

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Bryan Cave Leighton Paisner has advised Gazprom Neft PJSC on the creaion of  Digital Industrial Platform, a joint venture with the Tsifra Group. Dentons reportedly advised the Tsifra Group on the deal.

Tsifra Group is a developer of AI solutions and robotic mining equipment for heavy industry. The company’s primary areas of focus are machinery, mining, metals, oil & gas, and chemical sectors.

Gazprom Neft is a Russian energy company which focuses on exploration and development of oil and gas fields, as well as the production and marketing of oil products.

According to BCLP, “the joint venture plans to launch a digital production management platform for the oil and gas industry in 2021. The company's new digital products will be aimed at solving problems in the field of centralization of operational management and creation of digital twins using artificial intelligence technologies.” According to the firm, the joint venture will employ 100 people and will be headquartered in St. Petersburg, Russia.

The firm reported that, “the technological base for the joint venture will be the ZIIoT industrial IoT platform and digital services for oil refining developed by the Tsifra Group, as well as Gazprom Neft's developments related to process control in the oil and gas industry.”

BCLP’s team consisted of Partner Anton Sitnikov, Counsels Nikolay Kholoshev and Anton Nefediev, Lawyers Ruslan Nurullaev, Egor Salmov, Andrey Neminuschiy, and Artemiy Bondarev, Junior Lawyers Elena Naumova and Daniil Betuganov, and Assistant Lawyers Alexey Perminov and Gleb Aleksandrov.