Russia: Investment Decision Preparation on Shtokman Phase 1 Meets Schedules

Gazprom’s  headquarters hosted a working meeting moderated by Alexey Miller and devoted to development of the Shtokman gas and condensate field.

Participating in the meeting were heads and experts of Gazprom’s structural subdivisions, subsidiaries and Shtokman Development AG.

The meeting participants discussed the progress with the Shtokman project implementation. In particular, they reviewed various options for the onshore facilities allocation within all three phases of the field development.

During the meeting it was pointed out that the work on preparation for Phase 1 final investment decision was carried out within the schedules.

“The Shtokman project implementation is one of Gazprom’s strategic priorities. The project is unique in a technical sense both for Russian and international practice. I am sure that the activity of our joint venture Shtokman Development AG and the personal contribution of new CEO Alexey Zagorovsky as a recognized and experienced specialist will allow performing Phase 1 of this project in a most efficient way,” stressed Alexey Miller in the course of the meeting.

Based on the meeting results, Gazprom’s specialized subdivisions, subsidiaries and Shtokman Development AG were tasked to continue preparing complex technical and technological solutions ensuring economic efficiency and environmental safety of the Shtokman project at all phases of its implementation.

[mappress]

Source:Gazprom  , October 17, 2010;