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Rosneft, Statoil sign agreement on cooperation in Barents, Okhotsk seas

May 05, 2012, 18:11 UTC+3

Statoil’s stake in the project is 33.33 percent

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MOSCOW, May 5 (Itar-Tass) —— Russia’s Rosneft and Norway’s Statoil have signed an agreement on the joint development of offshore deposits in the Barents and Okhotsk seas.

The companies’ heads Eduard Khudainatov and Helge Lund put their signatures to the agreement at a ceremony attended by Prime Minister Vladimir Putin. It envisages creation of a joint venture to develop the Perseyevsky license area in the Barents Sea and three areas in the Sea of Okhotsk – Magadan-1, Lisyansky and Kashevarsky. Statoil’s stake in the project is 33.33 percent.



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