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GAZPROM

August 15, 2011

Construction and testing of Polyarnaya Zvezda and Severnoye Siyaniye drilling rigs completed

Today in Vyborg, a group of Gazprom experts visited the Vyborg Shipbuilding Plant. The group was headed by Alexander Ananenkov, Deputy Chairman of the Company's Management Committee.

Alexander Ananenkov discussed current issues of cooperation with the Plant management. Above all, the meeting addressed the transfer of Polyarnaya Zvezda and Severnoye Siyaniye semi-submersible drilling rigs (SSDR) to Gazprom. For today, construction and acceptance testing of both drilling platforms have been completed.

Gazprom applies to the maximum the capacities of domestic shipbuilding plants in implementing the projects for the development of the Russian continental shelf. One of the examples of large-scale cooperation of our company and domestic shipbuilders is construction by the Vyborg Plant of two SSDRs to be involved in the development of the Russian shelf, in particular, the Shtokman field.

“Placement of Gazprom's two large orders gives a strong impetus to the Russian shipbuilding industry development, helps our Company streamline the costs associated with the offshore fields development,” stated Alexander Ananenkov.

Background

In November 2007 following the open tender, Gazflot (a 100 per cent subsidiary of Gazprom) and the Vyborg Shipbuilding Plant signed a contract for construction of two semi-submersible drilling rigs with a view to drill production wells at the Shtokman field.

The platforms are designed for operation under severe natural and climatic conditions, can stand low temperatures, waves up to 32 meters high, and perform exploratory and production drilling of gas and oil wells down to 7,500 meters at water depths between 70 and 500 meters.

The Shtokman field is located in the central part of the Russian sector of the Barents Sea.

C1 reserves of the field make up 3.9 trillion cubic meters of gas and 56 million tons of gas condensate, with 3.8 trillion cubic meters of gas and 53.3 million tons of gas condensate located within Gazprom's licensed area.

The Shtokman gas and condensate field development project is of strategic significance for Gazprom. The project implementation will become a pivotal point to form a new gas producing region on the Russian Arctic shelf.

The Vyborg Shipbuilding Plant is one of the specialized shipbuilding enterprises located in the northwestern region of Russia. The Plant is focused on construction of facilities for comprehensive development of offshore fields.

 

 

 

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