One-Page Deal Sheet
Statoil Joins with Rosneft in Exploration
Equinor Rosneft Oil Company
Announced Date
August 30,2012
Close Date
August 30,2012
Transaction Type
JV
Asset/Basin:
{"Barents Sea","Sea of Okhotsk"}
Location
Region
Russia
Country
Russian Federation
Transaction Details: Subscribe to see
Statoil and Rosneft today signed Shareholder and Operating Agreements that will establish joint ventures for the four offshore Russian license areas included in the Cooperation Agreement signed by the two companies on May 5, 2012.
The license areas in question are Perseevsky in the Barents Sea and Kashevarovsky, Lisyansky and Magadan 1 in the Sea of Okhotsk.
The agreements were signed in Stavanger by Statoil CEO Helge Lund and Rosneft Chairman and President Igor Sechin. Their signing represents a significant step towards full implementation of the Statoil-Rosneft Cooperation Agreement.
The Sha…
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