Reuters AlertNet Lite - Shell's Sakhalin-2 says Russia threatens timetable

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Shell's Sakhalin-2 says Russia threatens timetable

13 Dec 2006 10:06:57 GMT
Source: Reuters

MOSCOW, Dec 13 (Reuters) - Sakhalin Energy, the operator of the Shell-led <RDSa.L> Sakhalin-2 oil and gas project, said pressure from Russian authorities was beginning to threaten the venture's timetable.

"The activity of the regulatory bodies who are slowing down the process of getting an agreement is begining to have an effect on the project," Igor Ignatyev, vice president of Sakhalin Energy, told reporters.

"In January we are due to start drilling at the Lunksoye field, but for more than two months we haven't been able to get RosPrirodNadzor to send its agreement for the start of drilling.

"The (Lunskoye) timetable is no longer realistic. It will be a serious factor in keeping to project deadlines."

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Last updated:Wed Dec 13 10:08:00 2006