Rosneft and Lukoil have entered the Norwegian Barents Sea following the latest licensing round of the Scandinavian oil giant Statoil.
Rosneft said in a statement that RN Nordic Oil, a 100% indirect subsidiary of Rosneft, had received a 20% interest in Licence PL713, covering 121,300 hectares.
Licence PL713 consists of four promising blocks: 7219/2, 7219/3, 7319/11 and 7319/12. RN Nordic Oil will develop the blocks in partnership with Statoil, which will act as operator. The acreage was one of the largest applied for and is located in...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
