A working meeting was held today at the Gazprom headquarters. Participating in the meeting were Alexey Miller, Chairman of the Management Committee of Gazprom, Helge Lund, President and Chief Executive Officer of Statoil and Christophe de Margerie, Chairman and Chief Executive Officer of Total SA.

The meeting addressed the progress with the Shtokman project and placed an emphasis on the optimization of technologies used for the project Phase 1 with a view to raise its cost efficiency.

The parties highlighted that it was important to execute the project within the specified timeframe and expressed their determination to continue its intense implementation.

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