Statoilchief executive Helge Lund held talks with Rosneft president and former Russianenergy czar, Igor Sechin, on implementation of the companies’ joint Arctic explorationprojects at the meeting in Norway.

While Rosneftopenly publicised the meeting on its website, there was no mention by itsNorwegian state-owned counterpart of the event.    

The pairare looking to exploit the Perseyevsky licence in Russia’s sector of the BarentsSea as well as three licences - Magadan-1, Lisyansky, and Kashevarovsky –in the Sea of Okhotsk.

Rosneftstated