RUSSIA'S ROSSHELF SETS TIMETABLE FOR ARCTIC OFFSHORE FIELD DEVELOPMENT

Russia's ambitious new petroleum firm Rosshelf has disclosed a proposed timetable for developing two offshore arctic fields. The upstart domestic joint stock company, formed only last year, also has indicated that its interest in tapping resources on Russia's northern shelves extends far beyond the pair of arctic fields currently earmarked for development: the Barents Sea's supergiant Shtokmanovskoye gas/condensate reservoir and the Pechora Sea's much smaller Prirazlomnoye oil

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