Equinor, Rosneft to develop Arctic oilfield Joint investment

Equinor, Rosneft to develop Arctic oilfield in joint investment.

Elisabeth Birkeland Kvalheim, country manager for Equinor in Russia, said: “This is an important milestone in the joint project that we have been working on for seven years.

“During these years we have built a strong working relationship with Rosneft and demonstrated that we can execute efficiently and safely together. This forms a good basis for the next phases of the project.”

Equinor holds 33,33% and Rosneft holds 66,67% interest in the joint venture company SevKomNeftegaz that owns the license for the North Komsomolskoye field.