Gazprom, Sevmorneftegaz, Gazflot and Hydro have agreed to cooperate on the planning and drilling of well number seven in the Shtokman gas condensate field.
The well is planned to be drilled during the summer of 2006 with Odfjell Drilling's semi-submersible drilling rig, Deepsea Delta, on contract for Hydro.
The companies regard the joint work as an excellent opportunity to expand cooperation between the parties.
"This is good news", says head of Hydro's Shtokman efforts, Bengt Lie-Hansen. "And another confirmation of a long-lasting cooperation regarding the Shtokman development."