Posted on 12/14/2006 2:14:34 PM PST by Tailgunner Joe
they're sounding the alarm. A few years too late, but hey...
they're sounding the alarm. A few years too late, but hey...
So when did the Shell-Sakhalin project start? When were the papers signed? I thought it was during the Putin years. Where would the Russians be right now without Shell oil doing a lot of the tough work that the vodka swillers would have f***** up?
The sea of Oktuhsk(sp) is a very hydrocarbon rich area and the PSA's were very favorable to the operators but not the Russian government.
I question whether Gazprom has the technology, personnel, and ability to do it alone, as they want to, but the fact of the matter is that the resources lie in their jurisdiction and no matter how much Exxon, Statoil, or anyone else may not like it, that is the way it is.
Why didn't Putin/Gazprom kick out Shell 100%? It's obvious that they still need Shell's expertise. Shell will probably continue to do the serious work while the vodka swillers will get more of the profits. It reminds me of an Indian casino when they hire outside management that has gambling expertise. The lazy uneducated tribal members get their yearly payouts while sitting on their butts
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