Looking for a specific product?

Make a search for products & suppliers, articles & news.

“Shtokman launch before 2017”

An investment decision will be taken in the near future and the project launched before 2017, President Putin told Murmansk Governor Marina Kovtun.

The Shtokman project is not postponed “indefinitely”, Putin underlined in Tuesday’s meeting with Governor Kovtun.  “The investment decision is planned to be taken in the near future, so we are talking [project launch] before 2017,” Putin said, a press release reads.

Murmansk has long planned to use gas from the Shtokman field to modernize its heating systems. Murmansk Oblast is currently one of the Russian regions with the lowest level of gasification. The gasification of the region would help reduce the dependency of black oil (mazut) from today´s 83 percent to 38 percent, Kovtun said in the meeting.

“Shtokman is a key part of our regional development strategy”, Kovtun told the president and expressed disappointment with the postponement of the project announced by Gazprom in August.

As previously reported, the development of the Shtokman project in August this year crashed as project partners Statoil and Total handed in their stakes in the operating company SDAG following the expiration of the shareholder agreement.

None of the three companies have however given up the Arctic project, which with its 3,9 trillion cubic meters is one of the biggest offshore gas fields in the world.

Speaking at a seminar in northern Norway in October, corporate affairs manager in the SDAG Sergei Krivorotov underlined that “Gazprom has no plans to stop this project” and that the current situation gives the company the chance to “build a better Shtokman”.

Gazprom recently applied to the Federal Agency for Mineral Resources (Rosnedra) for a prolongation of the license.

Although having handed in its stake in the SDAG, also Statoil remains interested in the project in the Barents Sea. In a meeting with Vladimir Putin in May this year, Statoil CEO Helge Lund said that ”this project opens many possibilities for us” and that “it has importance beyond the project itself".

Commenting on the project in August, Statoil’s Information Director Jannik Lindbæk did not exclude that the company could regain a stake. “There is still an ongoing dialogue on how to make the project profitable”, he said, adding that a decision is likely to be taken in the course of fall.

Associated companies:


Related news

Latest news

Industry's preferred pipeline standard gets update by DNV GL

A number of requirements related to linepipe fabrication,

Servogear Hybrid CPP for the World’s First Hybrid Catamarans in Commercial Traffic

Norled AS is one of Norway’s largest ferry and express boat operators. 

CMR is helping companies in Hordaland with research-based innovation

CMR has won a contract with Hordaland county council as competence broker. The contract is part of the Research-based Regional Innovation (FORREGION) scheme.

ISO to release final draft of ISO 45001 – Occupational Health & Safety

The ISO 45001 Final Draft International Standard (FDIS) is scheduled to be released for review on November 30. In case of a positive vote the standard is expected to be published in February 2018.

DNV GL helps reduce cost of compliance with innovative approach to independent verification of oil and gas assets

Verification surveys applying remote witnessing involve equipping a technician onsite with hardware (a camera or smartphone) and dedicated software which enable remote...

Renewables exports are increasing, but more rapid growth is required

Reorientation among oil and gas suppliers boosted international sales of renewable energy equipment and services by Norwegian companies, writes Ivar Slengesol, Director of Industry and Clean Technologies at Export Credit N...

The world’s most modern wellboat

The wellboat Ronia Diamond was characterised as the “most modern wellboat the world has seen” during her christening in Bergen on 23 September.

Joint industry collaboration to boost offshore and marine sector with Additive Manufacturing (3D printing), Drone and Digital Twin technologies

DNV GL, A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) and National Additive Manufacturing Innovation Cluster (NAMIC) ...

DNV GL line optimization brings ten per cent fuel savings for Hapag-Lloyd Cruises’ new expedition cruise vessels

“The design concept for the two new ships was ‘inspired by nature’,” says Dr. Henning Brauer,