RUSSIAN OIL AND GAS DAY: Event Overview

10/29/2014
The technological sanctions (currently related to Arctic, deep water and shale projects) are likely to have minimal impact on the companies we spoke to in the short-to-medium term. The relevant projects in each company’s portfolio are either already operational, or are not due to be launched until around 2020. Besides, the respective companies have already identified potential alternative counterparties and suppliers (mainly Asian), or are ready to develop these projects utilising their own capabilities and expertise. As a caveat, this approach may be associated with either higher expenditure or longer development periods.
 

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