Gazprom: less for Shtokman, more for Yamal
Russian energy major Gazprom confirms that it will cut 2008 spending on the Shtokman field in the Barents Sea with about 10 percent, while it will increase investments in the Bovanenkovskoe field in the Yamal Peninsula.
Gazprom now says it plans to invest 14.7 billion RUB (400 million EUR) in Shtokman compared with an earlier planned 16.2 billionRUB, Reuters reports with reference to Interfax.
Meanwhile, Gazprom ups investments in the development of the Bovanenkovskoe field in Yamal by 10 billion RUB to around 105 billion RUB.
While production start at the the Bovanenkovskoe field is estimated to 2011, the Shtokman field is to be in production from 2013.
Map: Oil and gas resources in the Barents Sea, the Kara Sea and in Yamal
