The Shtokman field (also Stockman field; ), one of the world's largest natural gas fields, lies in the northwestern part of the South Barents Basin[1] in the Russian sector of the Barents Sea, 600 km north of Kola Peninsula. Its reserves are estimated at 3.8 e12m3 of natural gas and more than 37 million tons of gas condensate.[2]
History
The Shtokman field was discovered in 1988. It was named after the Soviet geophysicist Vladimir Shtokman.
In the early 1990s, Gazprom started talks with a group of five Western companies to participate in the field's development. In 1992, the foreign consortium was pushed out by the Rosshelf consortium, a Gazprom subsidiary that comprised 19 Russian companies. in August 1995, Gazprom and Rosshelf signed a letter of intent with Norsk Hydro of Norway, Conoco Inc. of the United States, Neste Oy of Finland, and TotalEnergies of France to evaluate the possible joint development of Shtokman field.