Rosneft secures licenses in Barents Sea

Jan 20, 2012 12:00 AM

The Russian state-owned oil major pays EUR 27,7 mm for control over prospective licenses in the Barents Sea.
The licenses were obtained without a tender or auction. The sum of EUR 27,7 mm covers several structures in the area, information from the Russian Mineral Agency (Rosnedra) confirm.

The license acquisition comes after the Russian government in December 2011 decided to grant Rosneft control over exploration and production at the fields. The licenses cover the Tsentralno-Barentsev, Perseevsky and Fedynsky structures.
The structures could hide huge hydrocarbon resources.

As believed by experts, the Russian part of the Barents Sea might be among the most oil and gas-rich offshore areas in the whole Arctic. Russia will start up seismic studies in the area in summer 2012.
Last year's ratification of the Russian-Norwegian demarcation line in the Barents Sea has resulted in a major upswing in the interest in the area among oil and gas companies.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2019 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events