Cooperation, technology called keys to arctic work

Tapping the undeveloped oil and gas potential of the Arctic requires cooperation between nations as well as new technology, speakers told a US-Norway oil and gas summit Mar. 2 in Houston.Future Arctic development will involve the Barents Sea, and several oil and gas company representatives attending the summit expressed a keen interest in Shtokman gas field on the Russian side of the Barents Sea.ConocoPhillips has a memorandum of understanding with OAO Gazprom to jointly study development of Shtokman field (OGJ Online, Dec. 22, 2004).One of the largest gas fields in the world, Shtokman lies in the Arctic about 500 km from Murmansk. Russia plans to develop Shtokman with an LNG terminal at ...

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