Gazprom and Rosneft to own all the fields of the Russian shelf

Publish date: January 30, 2007

Minister of Industry and Energy Viktor Khristenko and Natural Resources Minister Yury Trutnev suggested Putin to offer Gazprom and Rosneft to get control over continental shelf fields development. The companies will share the fields.

This decision is mainly connected with a wish to keep Russian oil and gas fields away from foreigners, RusEnergy reports. The shelf projects will be given by results of competitions, not auctions.

Staking on Russian companies, the state looses competitors and quality of fields development.

According to the Natural Resources Ministry, oil production on shelf will achieve 10 million tons by 2010 and 95 million by 2020. Gas production is expected to be 30 and 320 billion cubic meters relatively.

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