Shtokman company formed

摘要

Gazprom, Total and StatoilHydro have signed a deal to create a company - Shtokman Development AG - for phase one of the Shtokman field in the Barents Sea. Shtokman Development AG will be responsible for organising the project engineering, development, construction, financing and exploitation of first phase facilities on the field. The partners also indicated that front end engineering design (FEED) for the project has started, and will be finished in the second half of 2009 allowing a final investment decision to be made. Among other things, Russian and international subcontractors for FEED studies have already been identified and a site has been chosen for the technical and transportation complex near Teriberka in the Murmansk region.