On 18 January the RF Nature Ministry’s State Commission for Mineral Reserves approved a Shtokman gas condensate field reserves upgrade. The reserves were upgraded based on the data obtained through 3D seismic survey.

The reserves upgrade is another indication of the Shtokman’s high production and economic potential.

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

As of 1 January 1995, Shtokman’s C1+C2 reserves approved by the RF Nature Ministry’s State Commission for Mineral Reserves (Protocol ?379 from 17 May 1995) accounted for 3.2 tcm and 31 mln t of gas and condensate, respectively.

One of the world’s largest gas condensate fields, Shtokman is being prepared for development and further marketing of liquefied natural gas to the USA and other countries.