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Shtokman Short List Sets Forth 5 Companies
Russia’s gas monopoly Gazprom has named five companies in the short list for Shtokman development, RIA Novosti reported with reference to Valery Golubev, vice board chairman at Gazprom.
“The short list sets forth five companies,” Golubev specified. Previously, this top-ranked official spoke of Gazprom’s intention to decide by mid.-October what company would actually acquire 24 percent in the project.
Apart from Gazprom, French Total participates in the Shtokman project.
According to Golubev, Gazprom is interested in attracting the company with experience accumulated when working in severe weather conditions and having technology required to develop offshore fields. The Shtokman field, for which Gazprom’s Sevmorneftegaz is the license holder, is located in the Russia’s sector of the Barents Sea shelf. The reserves are estimated at 3.7 trillion cu meters of gas and at over 31 million tons of gas condensate.
Gazprom and Total sealed in mid.-July the framework agreement for the basic terms of cooperation when developing the first stage of Shtokman (estimated annual production of 23.7 billion cu meters of gas). The parties agreed to set up a venture, where Gazprom will have 75 percent and Total will own 25 percent. The agreement provides for attracting foreign partners with the aggregate interest of up to 24 percent generated by narrowing Gazprom’s stake.
www.kommersant.com
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