Gazprom will also retain ownership of stockmans

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Unformatted text preview: , 2007. StatoilHydro25 took a 24% stake in an operating company that will plan, finance and build the first stage of the technically daunting Stockman gas field, which can eventually produce up to 100 billion cubic metres of gas per year. The US Houston-based ConocoPhillips was a contender for the stake. France's Total SA has a 25% stake in the operating company, while state-controlled OAO Gazprom keeps 51%. Gazprom will also retain ownership of Stockman's reserves, 25 StatoilHydro. Available on: < > 30 © Ifri F. Harbo / The European Gas and Oil Market estimated at 3.7 trillion cubic metres of gas (the equivalent of six years of Russia's current annual production and 3 or 4 times as big as the Norwegian Troll) and 31 million cubic metres of condensate gas. Stockman’s reserves represent more than all of Canada’s gas reserves and much more than the Netherlands’ Groening. It is, thus, one of the largest gas fields in the world. Stockman can be a very important gas provider to Europe and the world in the long-term. Russia currently provides 30% of the EU's oil imports an...
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This document was uploaded on 03/30/2014.

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