Project Profile
Value: Undisclosed
Location: 7219/2,3 and 7319/11,12, Barents Sea, offshore Norway
Area: 1,213 sq. km
Start-up Year: -
Following the results of the 22nd Licensing Round announced by the Norwegian Ministry of Petroleum and Energy, RN Nordic Oil AS, a 100% indirect subsidiary of Rosneft, has been granted the award of a 20% participating interest in the license PL713 covering the area of 1,213 sq. km. License PL713 consists of four promising blocks: 7219/2,3 and 7319/11,12. RN Nordic Oil AS will develop the blocks in partnership with Statoil acting as the operator. The acreage is one of the biggest that was applied for and is located in the most promising and prolific area of the Barents Sea next to recently discovered Castberg fields (Skrugard and Havis). The companies will apply their best practices when implementing the cooperation agreement for exploration and further successful development of resources in this technologically and climatically challenging region.
Operators:
Statoil Petroleum AS: 40%
RN Nordic Oil AS (Subsidiary of Rosneft): 20%
North E&P AS: 20%
Edison Norge AS: 20%