The Ministry of Natural Resources ordered the Salym partners to stop work on the Upper Salym field - one of three in the Salym development - citing noncompliance with a 1997 development agreement. The joint venture did not cite the specifics of the Ministry's complaint, but said the work stoppage order was separate from notices issued by the Ministry earlier in July, giving the Salym partners 90 days to address its complaints that the joint venture was taking too long to develop the field.
The Salym oil fields are located in eastern Siberia and hold recoverable oil reserves of 700 million barrels. Shell said earlier this month that around $1 billion in investments is planned for all the fields held by the Salym joint venture.
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