Lukoil awarded offshore oil exploration licenses in Barents Sea

Lukoil awarded offshore oil exploration licenses in Barents Sea

Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, LUKOIL was awarded two licenses in the Norwegian sector of the Barents Sea.

At block 719 (Fingerdjupet Region) LUKOIL holds a 30-percent interest, Britain’s Centrica (operator) - 50% and Norway’s North Energy - 20%.

At block 708 (Finnmark Region) LUKOIL holds a 20-percent interest, Sweden’s Lundin Norway (operator) - 40%, North Energy - 20% and Italy’s Edison - 20%.

In 2011, LUKOIL was qualified to operate on the Norwegian continental shelf. In 2012, LUKOIL Overseas North Shelf was established in Oslo. This company will manage upstream projects on the Norwegian shelf during the whole cycle of hydrocarbon exploration and production.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs