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

PRESS RELEASE: Servogear to propel Asian built windfarm vessels

The contract with Cheoy Lee Shipyards was signed in Q2 2018.

SERVICEBULLETIN: Grease filling of the propeller system

SERVICEBULLETIN 180921: Grease filling of the propeller system

FILM: The world´s first HD220 gearbox returns for an overhauling

The gearbox has been operating flawlessly for more than 20.000 hours...

Øveraasen delivers machine number 66 to New York

Totally over the last ten years, 

DNV GL commission worlds largest industrial explosion chamber at Spadeadam Research and Testing

The chamber supports not only a joint industry project ...

DNV GL celebrates double win at Lloyd’s List Asia Pacific Awards

We would like to thank all of the judges and Lloyd’s List for these awards,

WITH OR WITHOUT SKIRTINGS?

A theme that often comes back to me while working with new customers is the flooring,

Heating cable segment officially transferred to ØS Varme

Øglænd System AS’s future strategy will be focused on the sale...

Genesis is celebrating its 30th anniversary

TechnipFMC’s market-leading engineering and advisory company,