30 October 2009

Shtokman Development AG Board of Directors Reviewed Progress of Shtokman Project Implementation Phase 1

The Board of Directors of Shtokman Development AG held a meeting in Moscow. The meeting was chaired by Deputy Chairman of Gazprom’s Management Committee Alexander Medvedev, with the participation of Total CEO Christophe de Margerie and StatoilHydro President and CEO Helge Lund.

The Board reviewed the progress of the Integrated Development of the Shtokman Gas-Condensate Field, Phase 1, and considered a number of design solutions necessary for finalization of the technical concept of the project and optimization of its engineering, production and financial scheme.

The Board agreed to hold the next meeting before the end of 2009.

All resolutions have been unanimously approved by attending directors of Shtokman Development AG.