Total transfers proposals on the Shtokman to Gazprom

The French company Total has transferred its proposals on development of the Shtokman gas condensate field to Gazprom, the Deputy Director for Engineering and Construction of Total, Daniel Picard reported during the International Conference on the Arctic shelf development in St. Petersburg.

“This is a very important moment and we discussed it in Gazprom – we must review the (Shtokman field) development concept. And we believe that we have found a reasonable decision, which allows us to develop this field from the point of view of its economics. At present, we submitted our concept to Gazprom to conduct together more a detailed discussion and to find a mutually acceptable solution,” – he said.