SPV
North America
-150 570 +270 +250 390 +20 Africa 140 Middle East 810 540 AsiaOceania 720
But also paving the way to develop the Oil and Gas reserves in Arctic
A world class Russian project under the spotlight of the World energy sector
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Production Consumption
Exports Imports
But also paving the way to develop the Oil and Gas reserves in Arctic
A world class Russian project under the spotlight of the World energy sector
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Floater
Onshore Installations
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North sea
LNG
Shtokman field
Vyborg
Greisfald
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Phase 3 Phase 1
Template
Phase 2
Template Template Template Template
Template Template
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SPV
Phase 1
Phase 2
Phase 3
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SPV
The Framework Agreement for Cooperation in the Development of the First Phase of the Shtokman Gas Condensate Field was signed with TOTAL Company on 13 June 2007
The Framework Agreement for Cooperation in the Development of the First Phase of the Shtokman Gas Condensate Field was signed with StatoilHydro Company on 25 October 2007
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Creation of an Offshore Company with a branch in Russia (Special Purpose Vehicle (SPV))
Participating interests in SPV:
North sea
LNG
Shtokman field
Vyborg
Greisfald
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A single integrated dedicated Project Team Gazprom / Total / StatoilHydro Synergy of Russian and European cutting-edge skills and technologies
Sharing of knowledge and resources optimization
CAPEX about 15 G$
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A world class project with extraordinary challenges in a frontier environmental context Technical challenges Planning and costs challenges Organization and human challenges
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At the eve of a huge development in Murmansk area . The project shall be integrated in the local context
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Sail Consolidated Layer
- 15 Keel Keel
- 30 0
15
50
150
200 SPV
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Tight schedule
FEED in 2007 FID in 2009 ( based on EPC tenders analysis) First pipe gas in 2013, First LNG in 2014
Budget: Keep budget under control and always maintain a high level of competitiveness
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An efficient project organization with proper delegation of authorities already set up An organization with a strongly motivated team, success oriented 3 different but complementary cultures being one of the project asset
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SPV
The Shtokman Project phase 1 , in brief .. One of the top world class project with exciting challenges balanced by robust assets A challenging project to be developed with a Russian, Regional and International cooperation A Russian project with a world class partnership to :
Increase gas delivery and Improve the energy security to the world market by 2013. Pave the way for an efficient development of the Arctic Shelf with
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Thank you
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Technical challenges
Ice conditions & Iceberg Management
In 2003, more than 15 icebergs have been observed close to Shtokman, 2 of them weighting more than 3 millions tons
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