Royal Dutch Shell Plc  .com Rotating Header Image

RIA Novosti: Russia’s 2006 profit share at Kharyaga PSA set at $107 mln

MOSCOW, April 9 (RIA Novosti) – Russia’s share of profit from a Total-led oil project in the northern Russia Kharyaga oilfield in 2006 has been established at $107 million, the Industry and Energy Ministry said Monday.

State revenues from the operation of the Kharyaga oilfield, in Russia’s Yamal-Nenets autonomy, which the French energy giant is developing under a production-sharing agreement (PSA) with the Russian government, have been set at $169.1 million, thus substantially exceeding its amount of investment in the project.

A joint committee on the Kharyaga PSA set operator’s reimbursable costs at over $119 million.

Total holds a controlling 50% stake in a consortium set up to run the Kharyaga project, which also includes Norway’s Hydro (40%) and the Nenets Oil Company (10%), controlled by the regional government.

The Kharyaga field, with total reserves of 160.4 million metric tons, is one of three production-sharing agreements in Russia. The other two are Sakhalin I and Sakhalin II.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.