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06 Dec 2017, Petia Krasteva, EMIS Editor

Rosneft bids to explore for oil in Norwegian shelf

Rosneft’s unit RN Nordic Oil has been admitted in the tender for production licenses in the 24th licensing round on the Norwegian shelf, Prime reported referring to the Norwegian Petroleum Directorate.

Norway wants to award licenses for 102 blocks. Of these, nine are in the Norwegian Sea and 93 in the Barents Sea. Reportedly eleven companies will compete in the auction. The Norwegian Petroleum Directorate will pick the winners before the summer of 2018.

Sign in and read the full article in emis.com Original source: Prime - Business News in English