Russia starts production on Shtokman shelf after 2015

Publish date: February 4, 2005

Russia is about to start production on the Shtokman shelf not earlier than in 2015, said the Russian Minister of Natural Resources Yury Trutnev, RusEnergy reported.

The joint press conference took place in Oslo on February 2, 2005, after the Russian Minister of Natural Resources, Yury Trutnev and Norwegian Minister of Oil and Energy, Torild Widvey had had meeting. According to the Russian Minister, changing of the legislation on the natural resources usage will allow Russia to work in comfortable legislative conditions. Trutnev also underlined that his Ministry put on the 2005 agenda the development of the new environmental code. “Issues of the environment and development of the resources bounded up closely and we should be active in this direction. Russian Federation is interested in Russian-Norwegian cooperation in the field of natural resources and advanced extraction technology”, added Trutnev.