Russian Companies Get Norwegian Arctic Offshore Licenses

Barents Observer
Thursday, June 13, 2013
Ola Borten Moe: Photo credit Norwegian Government

Both Rosneft and Lukoil have secured license rights to blocks issued by the Norwegian government in Arctic waters.

The massive opening of the Barents Sea for the oil industry includes invitations to Russia’s two powerful Russian petroleum companies, the first ever Russian companies on the Norwegian shelf, reports the 'Barents Observer'.

Citing an announcement made by Minister of Petroleum and Energy Ola Borten Boe, Barents Observer says that Rosneft and its Norwegian subsidiary RN Nordic gets 20 percent of one license in the Barents Sea. The license (No 713) will be operated by Statoil (40%) and include also Edison (20%) and North (20%).

Lukoil, meanwhile, gets stakes in two licenses, among them 20 percent in license No 708, the easternmost blocks offered in the round. In addition, the company gets 30 percent in license No 719, an area located in the central part of the Norwegian Barents Sea. The company, Russia’s biggest privately owned oil producer, will have to work with the companies Lundin, Edison, North and Centrica in the projects.

A total of 24 licenses were offered in the round, of them 20 in the Barents Sea. A total of 29 companies got stakes in the licenses, of them 14 with operator responsibility.  

Source: Barents Observer

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

DNV GL Issues Design Guidelines for DP Operations

Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods.

USCG Suspends Search for Missing Mariner off Lanai

The Coast Guard suspended the search Monday for a missing mariner after the fishing vessel he was aboard capsized approximately one mile west of Lanai. “Following extensive efforts by sea,

Petrobras Requests to Assist the Federal Prosecutors Office

On April 24, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation Car Wash),

Arctic Operations

Vyborg Shipyard to Build Icebreaker

Vyborg Shipyard signed a License and Concept Design Agreement with the Finnish engineering company Aker Arctic Technology for two icebreaking support vessels.   Two

Goliat FPSO in Norway

The Goliat FPSO was successfully floated off the heavy-lift vessel, Dockwise Vanguard, in the fjord outside Hammerfest, says Eni Norge    The Goliat platform has arrived in Hammerfest,

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Offshore Energy

DNV GL Issues Design Guidelines for DP Operations

Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods.

CEVA Appoint Two Sr Executive

Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior

Intelligent Fender System Completes Offshore Trial

Strainstall, part of James Fisher and Sons plc, announced the completion of the world’s first Intelligent Fender System (IFS) trial with energy companies SSE and RWE at Suffolk-based wind farm,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0893 sec (11 req/sec)