Russia Allow Foreign Companies to Develop Off Fields

Source: Reuters 9/28/2010, Location: Asia

Russia's government commission for legal activities has approved the Natural Resource Ministry proposal to allow foreign companies to develop offshore oil and gas deposits.

"We are looking to expand offshore development not only to more Russian companies but to foreign ones as well," said Denis Khramov, deputy director of the subsoil department in the Ministry of Natural Resources.

Khramov, speaking at an oil and gas conference in Russia's Far East island of Sakhalin said the ministry's proposal was already approved by the government committee for legal activities.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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