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Statoil in Talks on Shtokman Structure; No Plan to Leave Project

Statoil ASA is in talks on the Shtokman gas project in Russia’s Barents Sea waters and expects a schedule to be set after reaching new agreements with partners led by OAO Gazprom, following repeated delays.

“We have no plans to leave Shtokman,” Peter Mellbye, an executive vice president for international production at the Norwegian energy producer, said today in an interview in Baku, Azerbaijan.