Shtokman field reserves up 10%

Actual hydrocarbon reserves at the Shtokman gas condensate field have turned out to be 10% larger than earlier estimates suggested.

Offshore staff

(Russia) - Actual hydrocarbon reserves at the Shtokman gas condensate field have turned out to be 10% larger than earlier estimates suggested, says a source close to the Russian Natural Resources Ministry.

Meanwhile, according to Gazprom, the Natural Resources Ministry's State Natural Resources Commission on Jan. 18 endorsed the revised estimate of the Shtokman field's reserves, which was based on data obtained through seismic prospecting using 3D modeling.

"The revised estimate once again confirms the high production and economic potential of the Shtokman field," Gazprom says.

The Shtokman gas condensate field is located in the central part of the Russian shelf in the Barents Sea, 650 km from Murmansk.

The field is among the largest mineral fields in the world.

It is being readied for development with an aim to export LNG to the US and other countries.

01/25/06

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