Rosneft' President Igor Sechin meets Statoil CEO Helge Lund
Edited by Rhod Mackenzie / 2014-04-01 04:39:46
Rosneft's Igor Sechin held a working meeting with Statoil ASA CEO, Helge Lund in Norway.
The parties discussed the implementation of the joint projects in Russia’s Barents Sea (Perseyevsky License Area) and the Sea of Okhotsk (Magadan-1, Lisyansky, and Kashevarovsky License Areas). The two noted the progress made in the setting up of joint ventures to develop these offshore fields. Igor Sechin also highlighted that the new hydrocarbons exploration and development tax incentives adopted in Russia would make the development of offshore fields in Russia almost 2.5 times more efficient.
In terms of the meeting the parties also discussed the expanding of the cooperation between Rosneft and Statoil.
