Royal Dutch Shell Plc  .com Rotating Header Image GazpromNeft in Sakhalin venture talks with StatoilHydro, Chevron, Shell

MOSCOW (Thomson Financial) – Russian oil firm GazpromNeft is in talks with StatoilHydro, Chevron and Royal Dutch Shell on forming a joint venture to develop oilfields off Sakhalin island and the north Russian province of Chukotka, said its president Alexander Dyukov.
As yet the western companies have not given a response to Gazprom Neft’s proposals, the head of the Gazprom unit was quoted as saying by the Ria-Novosti agency.

The Sakhalin block, which Gazprom Neft bought from rival TNK-BP, is estimated to contain 50-60 mln tonnes of oil.

StatoilHydro became Gazprom’s second western partner on the huge Shtokman Barents Sea gas field earlier this month.

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