Rosneft 'bags two Arctic licences'

Arctic ambitions: Rosneft chief Igor Sechin

Reuters/Scanpix

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By Steve Marshall and news reports

 21 November 2012 13:35 GMT

Rosneft is reported to have gained two more offshore licences in the Russian Arctic after they were awarded to the state-owned oil company without a tender taking place.

Russian Prime Minister Dmitry Medvedev handed over the pair of Pechora Sea blocks, Pomorsky and Pomorsky-2, to Rosneft in a signing ceremony earlier this month, according to a Russian-language RBC.ru report cited by the Barents Observer.

The tracts, believed to hold between 292 million and 332 million barrels of oil equivalent, are part of the Severo-Pomorsky and Severo-Kolokolmorsky structures in the western Pechora Sea.

The latest awards add to Rosneft’s existing haul of 14 Arctic offshore licences, including acreage in the Kara and Barents seas where the company has struck exploration deals with…

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