Do not take the French Total budget of the Russian deposits.

March 18, 2009 was postponed adoption of the budget Haryaginskogo field, which is based on production sharing agreements is developing a French oil company Total. This is stated in a press release issued at the site of the Ministry.
The message the Ministry states that the approval of the project budget for this year was postponed due to a lack of validity of the costs submitted to the operator of the field. The budget draft does not specify.
Haryaginskoe deposit is located in the Nenets Autonomous District and included in the list of policy. Its oil reserves are estimated at 160.4 million tons. For comparison, the total volume of oil production in Russia in 2008 amounted to 488.1 million tons.
Development of the field since December 2005. The term of the production sharing agreement, which came into force in 1999, is 29 years, with possibility of extension to 33 years. Investor company leading the development, are Total (50 per cent of the shares, the Norwegian Hydro (40 per cent stake) and the Nenets Oil Company (10 per cent of the shares).