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Rosneft and Statoil to develop oil deposits together
26.06.2012 08:27
Rosneft and Statoil to develop oil deposits together

The largest Russian oil state company Rosneft and Norwegian oil state company Statoil have signed  agreements on the join bidding for exploration licenses in the Norwegian Barents Sea and on Joint Technical Evaluation covering two Russian onshore assets, informs Statoil in the official press-release.

These agreements, signed at the World Economic Forum in St. Petersburg, are designed to implement the strategic cooperation agreement, signed by the companies on 5 May 2012.

The Joint Technical Evaluation Agreement covers shale oil deposits at the Khadumsky formation in the Stavropol territory and highly viscous oil located below the gas cap at the Severo-Komsomolsky field in the Yamalo-Nenets autonomous district.

The Russian side will get an access to the current Statoil projects

Author: Irina Fomina

Tags: Russian oil companies     

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