About the company
Shtokman — Strong Alliance of Shareholders
The unique technical nature of the Shtokman project, its scale, together with the need to spread the project risks — all this created a need to combine the financial and engineering strength of some of the world’s biggest oil and gas corporations.
Phase 1 of the Shtokman Project is being implemented by Shtokman Development AG, a company established in February 2008. The plan for Phase 1 is to produce 23.7 billion cubic meters of natural gas per year.
Shtokman Development AG is a joint project created by three industry leaders — Gazprom (51%), Total S.A. (25%) and Statoil ASA (24%). A powerful consortium such as this will guarantee application of the best technology, the highest safety standards, and the most effective corporate management.
The company will be the owner and operator of the project infrastructure during Phase 1 — for a period of 25 years from the start of field production.
Shtokman field production is scheduled to begin in 2016. The LNG Plant is scheduled to be commissioned in 2017.
Picture: Parent Company Shares Pie Chart
Citations:
| «The agreements we have reached represent another crucial step in the development of mutually beneficial cooperation and partnership between Gazprom and the world’s largest energy companies».
(Alexey Miller, Chairman, OAO Gazprom Management Committee) | «The creation of this joint company by Gazprom, Total and Statoil is a major milestone allowing us to combine our forces and experiences in large developments in harsh remote environments to meet the challenges of the Shtokman Project».
(Christophe de Margerie, Chief Executive Officer, Total SA) | «The agreement represents an opportunity for Statoil to participate in the development of the Shtokman Project and we are looking forward to cooperating with Gazprom and Total to realize this frontier project. Our joint efforts may be the keystone of success in the Arctic».
(Helge Lund, Chief Executive Officer, Statoil) |
