Gazprom Continuing With Shtokman Implementation

Gazprom continues implementing the Shtokman field development project. Design and exploration work is underway within the project Phase 2 and Phase 3. Front-end engineering and design (FEED) documents for the offshore facilities have been elaborated in accordance with the international standards. Engineering surveys are at their final stage. Preparation of the project documents in compliance with the Russian standards is nearly completed. The documents will be submitted for the state expert review in 2013.

As part of the onshore facilities design development, tender documents have been prepared in order to hold a bidding procedure in 2013 for designing an LNG plant. The LNG plant with the annual capacity of 30 million tons of LNG is planned to be constructed in the Orlovka River valley near the Teriberka settlement.

Gazprom has also submitted for the state environmental expert review the engineering sections of the project documents related to the sea port and the LNG storage facility in the Teriberka Bay.

The Shtokman gas and condensate field is situated in the central part of the continental shelf within the Russian sector of the Barents Sea.

C1 reserves of the field make up 3.9 trillion cubic meters of gas and 56.1 million tons of gas condensate. Gazprom Neft Shelf, a wholly-owned subsidiary of Gazprom, holds the gas and gas condensate exploration and production license for the Shtokman field.