30 June 2011

Shtokman Development AG Held Regular Meeting with Representatives of Environmental Organizations Regarding Barents Sea Region Environmental Safety

On 30 June 2011, Shtokman Development AG (SDAG) held regular meeting of a special group of experts in Murmansk regarding overall complex of environmental issues pertaining to Phase 1 of integrated development of Shtokman Gas/Condensate Field. The meeting was attended by specialists of companies and research centers in charge of Shtokman environmental feasibility study(FRECOM, Polar Research Institute of Marine Fisheries and Oceanography — PINRO, Murmansk Marine Biological Institute of RAS Kola Research Center), as well as by representatives of regional public environmental organizations (WWF-Russia Barents Sea Branch, Bellona-Murmansk, Kola Wildlife Preservation Center).

At the meeting, the group summarized the results of incorporation of WWF environmental expert review comments regarding Shtokman Phase1 offshore facilities. For another thing, SDAG specialists reiterated the Company commitment to participation of public and environmental organizations in environmental studies and environmental monitoring in the area of Shtokman facilities construction and operation.

The parties exchanged their views on potential cooperation in setting up of compensatory specially protected nature area (SPNA) in the vicinity of the Voronia River mouth and on the Barents Sea continental coast opposite to Gavrilov Islands. Summarizing the meeting results, Marat Sharifullin, SDAG Deputy Technical Director for Environment, highlighted importance of participation in the dialogue and further development of the group environmental cooperation with the Northern Coalition member organizations.

In 2010, SDAG set up a special group of experts with a view to ensure maximum effectiveness in consideration of public comments and proposals on OVOS materials (environmental impact assessment) made in the course of public hearings regarding Shtokman Project. Such meetings were held in 2010, and proved their effectiveness.