Rosneft 'door closed' in Barents

Military interests: in Barents Sea

NASA

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By Steve Marshall & News reports

 28 November 2011 09:19 GMT

Russia’s military has reportedly barred the way for state oil company Rosneft to gain exploration access to three prospective areas in the Barents Sea.

Rosneft has had its applications for three licences covering the Severny, Papaninsky and Mezhdusharsky Vostochny structures rejected by Russia’s mineral extraction agency Rosnedra after objections were raised by the Ministry of Defence, a Rosnedra source, quoted in Russian media, was reported as saying by the Barents Observer.

The three tracts, located south-west of the Novaya Zemlya archipelago, are prospective for oil and gas, with Severny reported to hold 26.6 billion barrels of oil equivalent, while Mezhdusharsky and Papaninsky are believed to contain 2 billion boe and 559 million boe respectively.

Rosneft also had…

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