Gazprom chooses North Sea assets
By the end of the year, Gazprom will choose which field assets to acquire in the North Sea, the company confirms.
The assets, all part of a swap agreement with German energy major Wintershall, will be Gazprom’s first in the North Sea. As previously reported, Gazprom will get stakes in several fields in the North Sea in return for Wintershall’s inclusion in the huge Urengoi field in Western Siberia.
The deal with Wintershall could pave the way for Gazprom’s first ever engagement on the Norwegian shelf. The company will announce which stakes to acquire by the end of 2011, RIA Novosti reports.
The German-controlled Wintershall has been active on the North Sea shelf since the 1960s and today operates 25 oil and gas platforms in the Dutch part of the area and one platform in German waters. The company is also active in Norway and won ten licenses in the latest Norwegian license round. One of the company’s licenses is to a field in the Barents Sea, the Wintershall website informs.
As previously reported, also oil company Lukoil is currently in the phase of engaging on the Norwegian shelf.
