Looking for a specific product?

Make a search for products & suppliers, articles & news.

Lukoil ready to invest $300 million in Arctic Norway

I have never before felt this feeling of neighbourhood, leader of Lukoil Overseas says about his company’s establishment in Norway.

In an interview with television channel Rossiya-24, Andrei Kuzaev underlines that Lukoil will be ready to invest up to $300 million in case the company wins tenders on the Norwegian shelf.

The company, a branch of Russia’s second biggest oil producer, is very open about its plans in Norway. “We have not come here for the participation in any tenders, we have a clear picture about where and what to do”, the company leader stressed.

 “Our goal is the grey zone, which will open in 2014-2015, these are the territories we are preparing for”, he underlined. The tenders, which will take place this year, are “only the beginning”, he added

As previously reported, Lukoil has teamed up with the companies DNO, Lundin and North Energy in its bid for Norwegian licenses. For the company, which currently is restricted from engaging on the Russian shelf, the engagement in Norway is seen as a gateway to Arctic operations.

Together with its three partners, Lukoil aims at participating in the upcoming 22nd lincensing round. The tender includes 86 blocks, of which 72 are in the Barents Sea.

Lukoil in 2011 prequalified for operations on the Norwegian shelf and subsequently opened an office in the country. Lukoil became the first Russian company prequalified for shelf activities in Norway.

Lukoil from before has offshore experiences from the Caspian Sea. It also has experiences from the Pechora Sea, where it in 2008 opened its unique Varandey terminal.

 

Associated companies:


Related news

Latest news

Biggest feed barge delivery ever

At the shipyard in Gdynia Poland, 7 feed barges were recently loaded onboard the vessel Jumbo Vision. The barges are destined for Canada and will be operational this summer. 

Max Planck and CMR cooperation

Scientists at Christian Michelsen Research are currently developing, together with colleagues from the Max Planck Institute for Iron Research (Germany), the Field Kelvin Probe (FKP). This FKP will enable contactless detect...

Consilium equips 48 buildings in Galway, Ireland, with lifesaving panels

Consilium Building Safety has received a strategical order from our Irish distributor...

CADCAM options for the open-minded

“Naval architects log into the Vestdavit digital library and can download exactly what they need within a couple of minutes,

DNV GL COMPIT Award 2017 for smart underwater robotics

Marco Bibuli was announced as the winner of the DNV GL COMPIT Award 2017, which took place in Cardiff this year. The Italian maritime robotics expert, working at the Italian research centre CNR-ISSIA in Genova, was honoure...

Record Number Applications for the Innovation Award!

A total of 28 applications for the Nor-Fishing Foundation Innovation Award, – which includes a check for NOK 100 000 – has been received by the deadline the 1st of May. This represents a 36% increase from record year ...

Midt-Norsk Havbruk and Plastsveis enter into agreement to build smolt facility

“We have followed the development of technology for smolt production carefully for several years,

DNV GL launches on-demand, web-based forecasting at WindPower 2017

Energy traders and plant operators gain online access to hourly forecast data at plant and regional level...

International Quality Awards announced

The Chartered Quality Institute (CQI) launches a series of quality awards designed to recognize the contribution of quality professionals across the globe.