Looking for a specific product?

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

Total stays on at Shtokman

French oil major Total has no plans to sell its shares in the Shtokman Development AG.

Talking to journalists during a recent conference, Total CEO Christophe de Margerie clearly stated that his company does not intend to sell its 25 percent stake in the SDAG, Prime.ru reports.

Meanwhile, field licenseholder Gazprom this week reiterated that it is considering to invite other companies into the project. As previously reported, Shell is believed to be among Gazprom’s preferred partners in the project.

After Statoil pulled out of the project, Gazprom controls 75 percent of the SDAG.

Major uncertainties have surrounded the huge gas project in the Barents Sea following Gazprom officials’ statement in late August about the development costs being too high for the project to be developed at the current stage. However, at the same time, the company leadership continues to work with the project plans, and President Vladimir Putin in October this year said that the development of the project will start “before 2017”.

Representatives of the SDAG last month told BarentsObserver that “Gazprom has no plans of stopping this project”.

Associated companies:


Related news

Latest news

DNV GL develops offshore safety guidance for Greek Regulator

The offshore major hazards guidance was presented..

Visit at Fiskaa from the Chinese ambassador to Norway

The Ambassador of the People’s Republic of China,

New emission rules 2020 - the reliable way to prove compliance

Reducing ship emissions is a top priority for IMO

United Technologies Opens State-of-the-Art Innovation Center, Announces Plan to Create 100 Additional Jobs

Employees working in the building today-

US Army Corps’ first F-10000 Davit

With space onboard Yaquina for davit operations limited, 

Chairman of IACS pinpoints three key themes of the Association’s strategy for the future

Commenting on the publication of the 2017 Annual Review, 

DNV GL launches alternative fuels white paper

For newbuilding vessels,

MINSHIP Shipmanagement boosts digitalization with DNV GL

MINSHIP is optimizing processes as they are managing a growing fleet. 

The fully electric Future of The Fjords has been launched

The new build is 42m long,