shtokman

Russia has really warmed up to the idea of becoming a competitive player on the LNG market, as we have established several times, largely thanks to the Yamal LNG project. On the waves of success, the Russian Energy Ministry is now putting forward its own agenda – during the latest session …

In part 2, we conclude the article by looking at the production outlook, including market risks.  (Click here for Part 1) Production Outlook While the discussion above points to considerable upstream activity, much of the expected production increments in the coming years come from either the Nadym-Pur-Tazovsky Region (existing fields still …

The Gazprom Board of Directors took note of the information concerning the progress with the Shtokman gas and condensate field development project. It was emphasized that the design and survey operations for the offshore infrastructure and the marine port with LNG storage facilities were to be completed between late 2013 and early 2014. The devised documents …

The Russian State Duma has in a first reading proposed to abolish the property tax for all offshore Arctic gas projects. The tax reform, which is included in a legislative bill on offshore gas fields, comes after major pressure and long-dragged negotiations between Gazprom and government officials. As previously reported, …

Gazprom continues implementing the Shtokman field development project. Exploratory drilling in Shtokman field Design and exploration work is underway within the project Phase 2 and Phase 3. Front-end engineering and design (FEED) documents for the offshore facilities have been elaborated in accordance with the international standards. Engineering surveys are at their final stage. Preparation of the project documents in compliance …

Statoil has written off around 2 billion crowns ($336.2 million) of investment and handed back shares in Russia‘s Shtokman gas project after investors failed to meet a deadline for an agreement, but it has remained in talks over the project reported Reuters. Located in the freezing and stormy waters of the …

Alexey Miller, Chairman of the Gazprom Management Committee reported today to Vladimir Putin, President of the Russian Federation on the progress with preparations for the first phase of the Shtokman field development. The meeting was also attended by Helge Lund, President and Chief Executive Officer of Statoil. The parties discussed a wide range of issues associated with the Final Investment Decision …

Royal Dutch Shell may join Russia’s Arctic Shtokman gas project, with Gazprom keeping its majority stake, several sources told Reuters on Friday. “Talks regarding Shell’s participation in Shtokman are under way … There are different project configurations under discussion now but Gazprom will keep a 51 percent stake,” a source …

Shtokman Development AG Board of Directors Set Priorities for Further Work on the Shtokman Project (Phase 1) The regular meeting of Shtokman Development AG (SDAG) Board of Directors was held in Moscow on March 29, 2012. Based on the decisions of December meeting, the Board reviewed whole scope of issues …

Marat Sharifullin, Deputy Technical Director for Environment, Shtokman Development AG Ensuring environmental safety is one of the main conditions when developing large oil and gas projects in the Russian arctic, and this especially applies to the Shtokman gas condensate field (SGCF) development project in the Barents Sea. The Shtokman project …