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These are Rosneft’s men in Norway

Rosneft is coming to Norway and the Norwegian Barents Sea. Photo: Rosneft.ru

The RN Nordic AS will be Russian state company Rosneft’s arm on the Norwegian Arctic shelf.

Location

The company, which was included in the Norwegian company registration center in late May this year, will represent Rosneft in joint projects with Statoil in Norwegian waters. As previously reported, the company is among the 36 bidders for the 86 new blocks in the Barents Sea and Norwegian Sea.

The company is managed by Hans van Lamoen, a man with several years of experiences from Russia, mostly in engagements with Shell. Company Board Director is Bengt Lie Hansen, former head of Statoil Russia and a man with extensive experiences from High North project, including the Shtokman project.

Meanwhile, Rosneft’s new Vice President for Offshore Projects Zeljko Runje is RN Nordic board member. Runje was hired by Rosneft in mid-October this year and comes from the post as Vice President of ExxonMobil Russia, a press release from Rosneft informs.

As previously reported, Rosneft is entering Norwegian waters in line with this year´s comprehensive cooperation agreement with Statoil. According to the deal, Statoil will get 33,3 percent stakes in Russian projects, among them the Perseevsky block in the Barents Sea, while Rosneft will get the same 33,3 percent stake in Norwegian offshore projects.

Commenting on the cooperation, Rosneft President Igor Sechin recently said that “the partnership between Rosneft and Statoil is an opportunity to give additional substance to the ambitions of both Norway and Russia to strengthen energy cooperation in the High North following last year’s ratification of the agreement on delimitation of the continental shelf and economic zones in the Barents Sea”, a press release reads.

As recently decided in a Rosneft Board of Director’s meeting, company subsidiary RN Nordic will get a $119.700 loan from its mother company to be downpaid over a ten-year period.