Procurement policy

Shtokman Development AG has developed general approach to Contracts and Russian Content in the Project.

When placing orders, Russian suppliers and contractors shall be given a preference, provided that they are comparable with foreign ones in respect of the following factors as qualification, compliance with quality of work or service with the specifications and other reasonable requirements of the Parties or the Project, cost and timing, guaranties and responsibilities. The Company will make use of the Russian Federation existing oil & gas capacities including its research expertise, extensive E&P experience in the Arctic conditions, and service industry capabilities.

Shtokman Development AG acknowledges that the proper organization of CFT process is an essential factor of success to develop the Company. This is why this critical activity will be controlled through strict compliance with contracts and procurement procedures from bidding stage to close out.

Adhering to the principle of mutually beneficial relationship, Shtokman Development AG will support and cooperate with technically qualified Russian contractors and suppliers to enable them to develop skills and technologies to the service of the Russian offshore and LNG industries.

Shtokman Development AG contracts and procurement policy (PDF, 10.6 KB)