Equinor and Rosneft have taken an funding determination on the primary stage of the North Komsomolskoye full area growth.
“This is a vital milestone within the joint venture that we have now been engaged on for seven years,” says Elisabeth Birkeland Kvalheim, Country supervisor for Equinor in Russia.
The North Komsomolskoye venture was part of the strategic cooperation settlement signed by Rosneft and Equinor in May 2012.
Since 2018, the partnership has carried out take a look at manufacturing within the area to raised perceive the reservoir properties and lay the bottom for the total area growth determination.
“During these years we have now constructed a powerful working relationship with Rosneft and demonstrated that we are able to execute effectively and safely collectively. This varieties a superb foundation for the subsequent phases of the venture,” says Kvalheim.
North Komsomolskoye is a traditional onshore oil and fuel area situated within the Yamal-Nenets Autonomous Okrug. in Western Siberia.
Equinor holds 33,33% and Rosneft holds 66,67% curiosity within the three way partnership firm SevKomNeftegaz that owns the license for the North Komsomolskoye area.
(Source: Equinor/Rosneft)

The put up GREEN LIGHT TO FINANCING OF THE NORTH KOMSOMOLSKOYE DEVELOPMENT appeared first on Energy Global News.

Read more at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here