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Government may approve all Gazprom Arctic shelf sector applications by yearend

July 24, 2013, 13:26 UTC+3
Gazprom and Rosneft might share 50/50 a site on the shelf of the West Siberian Sea
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Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, July 24 (Itar-Tass) - The Russian government may approve all Gazprom's applications for Arctic shelf sectors by yearend, Minister of Natural Resources and Environment Sergei Donskoi told reporters on Wednesday, noting that the transfer of the sectors is scheduled for the fourth quarter.

The minister noted that a coordination procedure was underway.

Donskoi said the sectors in question are Nevsky, Sharapovsky, Zapadno-Sharapovsky, Severno-Kharasaveisky and Leningradskoye field in the Kara Sea with unspecified resources.

Some reports said Gazprom and Rosneft might share 50/50 a site on the shelf of the West Siberian Sea.

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