Source Pravda.Ru

Stockmann deposit to become the largest gas project based on production-sharing agreement

It is the Stockmann gas condensate deposit on the continental shelf of the Barents sea that is to become the largest Russian project on conditions of the production-sharing agreement targeted at the extraction of natural gas, said the State Duma's deputy committee head Viktor Borodai.

Under this project, an annual volume of 90-100 billion cubic metres of gas are to be extracted during 25 years, with the general term for the deposit exploitation amounting to 50 years and the payoff period to 13 years.

Interest in this project, already involving Rosneft and Gazprom, has been shown by certain foreign companies, in particular TotalFinaElf.

Another major gas project that calls for production sharing agreements is the Kovykta deposit in the Kursk Region, promising to yield up to 40 billion cubic metres of natural gas a year.

Comments
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Details of Putin-Merkel surprise meeting unveiled
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
US refuses to explain reasons behind new 'draconian' sanctions
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Russia to respond with military-strategic blow to new USA's sanctions
Russian government prepares to get rid of US dollar in economy
Russia to respond with military-strategic blow to new USA's sanctions
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Caspian Convention challenges Gazprom's rule in Europe
US sanctions to kill Russian banks and sovereign debt?
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boy loses hand when jumping into the river
North Korea: Standing proud for Korea!