Gazprom moves offshore activities away from Barents – Norwegian newspaper

February 28, 2014

Gazprom is moving its main offshore development company to the Russian Pacific coast, Barents Observer reported on February 28. At the same time, a new unit is established in Murmansk.

The decision to move the Gazprom Dobycha Shelf to Sakhalin was taken in early February by the Gazprom management. At the same time, the subsidiary is renamed to Gazprom Dobycha Shelf Yuzhno-Sakhalinsk, a press release reads.

The moving of the company to east comes as Gazprom is increasingly engaged in activities in the Sea of Okhotsk, as well as in the waters off Sakhalin. The company controls several major liceses in the area, among them to the huge Kirinskoye and Yuzhno-Kirinskoye fields. A part of Gazprom's plans for the area is the construction of a LNG plant in Vladivostok.

Despite the enhanced interest in the far east, Gazprom does not all give up the Barents Sea. A new subsidiary company is to be established in Murmansk. The company Gazprom Dobycha Shelf Murmansk will be responsible for following up exploration and development in the Barents Sea. It will also be closely involved in the Shtokman project, Gazprom informs.

Copyright: Barents Observer, 2014