The Shtokman field, located in the Russian part of the Barents sea, 600 kilometres north of the Kola peninsula, ranks as one of the world’s largest undeveloped offshore gas fields.
It was discovered in 1988 and holds an estimated 3.8 trillion cubic meters of gas as well as 37 million tonnes of gas condensate.
Since 2007, Statoil has been cooperating with Gazprom and Total to find a solution for developing the Shtokman field. Although the formal cooperation through the joint venture Shtokman Development AG (SDAG) has been finalized, Statoil sees Shtokman as an interesting project. We are working together with Gazprom to evaluate the possibility of establishing an acceptable commercial basis for the project.
Statoil believes its competence and experience from developing large-scale projects in harsh environments, including from the Snøhvit development in the Barents Sea, can contribute to finding solutions to the challenges faced by the project.