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New owner of Shtokman license

The Shtokman project

Gazprom will move the license to the Shtokman field in the Barents Sea from its Sevmorneftegaz subsidiary to another daughter company, general director of Sevmorneftegaz confirms.

Location

According to General Director Aleksandr Mandel, the licenses will be transferred to the Gazprom Dobycha Shelf company, Murmanshelf.ru reports with reference to newspaper Neft i Kapital. The Sevmorneftegaz company will meanwhile engage in other fields among them the Chayadinskoe field and six structures in Yamal, he confirms.

The Sevmorneftegaz company in 2002 got the license to the Shtokman field. The license to the field had earlier belonged to the Rosshelf company.

While Sevmorneftegaz has formally owned the license to the Shtokman field, it is the Shtokman Development AG which is field operator.

The Gazprom Dobycha Shelf was established in September last year. The 100-percent Gazprom-owned company will be responsible for the gas giant’s offshore activities. It is expected that it will also take over the license to the Prirazlomnoe field.