Shtokman partners delay production start

By OGJ editors
HOUSTON, Feb. 8 –
Citing “changes in the market situation and particularly in the LNG market,” Shtokman Development AG has delayed by 3 years the start-up of production from Shtokman gas-condensate field in the Barents Sea.

The partnership of Gazprom, Total, and Statoil said final investment decisions on pipeline gas will be made in March 2011 and on LNG before the end of 2011.

That schedule will allow for the start of pipeline gas production in 2016 and of LNG in 2017, each 3 years later than initially planned (OGJ, May 18, 2009, p. 23).

The field, discovered in 1988, holds an estimated 135 tcf of recoverable gas. It lies in 1,100 ft of water near the edge of winter sea ice.

The Shtokman partners have decided to treat offshore production facilities, the pipeline to shore, and onshore gas treatment as a stage in the first phase of the development project separate from LNG work.

The first phase targets production of 2.4 bcfd of gas from 20 producing wells drilled from three subsea templates. It includes installation of a floating production unit, construction of two dual-phase pipelines to shore, construction of a liquefaction plant at Teriberka, and a link to the North Stream pipeline serving Europe.

Related Articles

NGSA asks Congress to pass bills facilitating LNG exports

03/27/2014 The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will h...

US, European energy leaders to discuss gas diversification measures

03/27/2014 Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy relian...

Santos buys gas reserves for Queensland LNG plant

03/27/2014 The WestSide Corp.-Mitsui joint venture has been let a contract to supply gas to the Santos Ltd.-led Gladstone LNG project for 20 years beginning i...

Total, CNOOC sign LNG cooperation agreement

03/26/2014 Total SA and China National Offshore Oil Corp. (CNOOC) have reached an LNG cooperation agreement that will expand upon the companies’ existing 15-y...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected