Rosneft 'seeks Norway suitor' in Arctic

Arctic challenge: the Barents Sea

NASA

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By Steve Marshall & News reports

 02 December 2011 16:17 GMT

Russian state oil company Rosneft has hinted that it may be looking for a Norwegian partner for exploration in a formerly disputed area of the Barents Sea, according to a report.

“Working with companies that have information on this area makes sense. Norway has already been engaged in geological exploration of its (earlier) disputed areas,” Rosneft’s chief executive Eduard Khudainatov told RosBuisnessConsulting, according to the Barents Observer.

Norway’s state-run oil company Statoil, which is already a partner with Russia’s Gazprom on the planned Shtokman development, has expertise in Arctic operations from having developed the Snohvit gas field in the Barents, where it also made the Skrugard discovery earlier this year.

The Oslo government is keen to develop business ties with Russian companies, with its…

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