Independents prospering with small Russian projects

While big international companies seek production-sharing agreements (PSAs) for billion-dollar oil and gas projects in Russia, smaller companies are prospering with smaller projects under other business structures.On the second and last day of a high-level Russia-US energy summit in Houston, executives of three small companies said the risks of operating in Russia have been overstated.And in the closing plenary, the head of a supergiant Russian company said his country might not need participation of international majors insisting on secure PSA frameworks.Top executives from three independent companies described Russia as a country with, as Howard Cooper, president and chairman of Teton P...

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