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Arctic venture wins time. (News).(Sevmorneftegaz may receive extra time to present its plans for Prirazlomnoye oil field and Shtokman gas field )

FSU Energy

| February 21, 2003 | COPYRIGHT 2003 Argus Media Inc. (Hide copyright information)Copyright

Sevmorneftegaz, the 50:50 Rosneft/ Gazprom venture licensed to develop the 550mn bl Prirazlomnoye oil field and 4.3 trillion m3 Shtokman gas field in the Barents Sea, may receive extra time to present its plans for the fields. A natural resources ministry working group has recommended that the venture submits its development plan for Prirazlomnoye next year, having originally been due to do so in 2001. A plan for Shtokman, …

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