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Article: Sakhalin PSA changes seen.(Sakhalin-2 project production sharing agreement)(Brief article)
- Article from:
- The Oil Daily
- Article date:
- November 28, 2006
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Russian state auditor Sergei Abramov said on Monday he expects the Shell-led Sakhalin-2 project to accept a change in the terms of its production sharing agreement (PSA) to bring a compromise deal soon.
"We are expecting the operator to show goodwill. We want the operator to take the initiative to improve the terms for the Russian Federation," Abramoz told a briefing in Moscow.
Shell and its partners, Japan's Mitsui and Mitsubishi, have infuriated Russia by doubling the cost estimate of the Sakhalin-2 oil and gas project to $22 billion, meaning the Russian state will have to wait longer to see any profit from ...