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Rosneft, LUKOIL set up workgroup to discuss joint ops on shelf

May 03, 2012, 22:22 UTC+3
This workgroup will consider the opportunities for both companies to work efficaciously together on the Russian continental shelf,” Alekperov said
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NOVO-OGARYOVO, Moscow region, May 3 (Itar-Tass) — Russian oil industry giants, LUKOIL and Rosneft have set up a workgroup for discussing joint projects on the continental shelf, LUKOIL’s CEO Vagit Alekperov told reporters Thursday.

“This workgroup will consider the opportunities for both companies to work efficaciously together on the Russian continental shelf,” Alekperov said.

“We’ve selected a number of sites for these activities,” he said. “For instance, LUKOIL is interested in a number of deposits in the Barents Sea and Black Sea.”

Alekperov said earlier LUKOIL is ready to offer Rosneft some of its geological survey projects, including the ones located in Western Africa, in exchange for Rosneft’s joining projects on the Russian continental shelf.

He indicated that LUKOIL offers some apparent advantages compared with other Russian companies. One of these advantages is an all-season transshipment base for exported oil in the Arctic.

Also, it boasts an extensive experience of operations on the shelf.

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