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Foreign companies may develop Barents Sea oilfield

      RBC, 09.12.2008, Moscow 10:52:03.Gazprom Neft does not rule out the possibility of involving foreign partners in the development of the Prirazlomnoye field, the company's Deputy General Director Boris Zilbermints announced at an oil and gas conference in Moscow today. He reiterated that Gazprom held a license for this field and was funding the field platform's development. Construction is expected to be completed by late 2010 or early 2011, after which work on the project will begin. Zilbermints also pointed out that the construction was progressing as planned. Furthermore, since Prirazlomnoye is an oilfield, Gazprom intends to pass it to its oil arm, Gazprom Neft, for future development. After that, Gazprom Neft will consider attracting foreign partners for joint development and production optimization at the field, Zilbermints said.

      Prirazlomnoye is an offshore field located in the southeastern part of the Barents Sea. The field's recoverable reserves stand at 83.2m tonnes of oil.

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