The agreement, which was signed during Chinese President Xi Jinping’s state visit to Russia last week, includes the Zapadno-Prinovozemelsky structure in the Barents Sea and the Yuzhno-Russky and Medynsko-Varandeysky structures in the Pechora Sea, Kommersant reports.
With the cooperation in place, the CNPC becomes Rosneft’s third foreign partner in the Barents Sea. From before, agreements have been signed with Eni and Statoil. In addition, Rosneft has a comprehensive agreement with ExxonMobil in the Kara Sea.
The Zapadno-Prinovozemelsky structure is located to the west of the archipelago of Novaya Zemlya and to the northeast of Gazprom’s Shtokman field. The Perseevsky structure, the area which is included in Statoil’s agreement with Rosneft, is located to the west of the new Russian-Chinese field.
Most likely, CNPC will get a 33 percent stake in a joint venture and bear all costs for intitial exploration and drilling.
The Zapadno-Prinovozemelsky is among the least explored areas on the Russian shelf, and resource estimates are sparse. However, the hydrocarbon potential is believed to be considerable considering the highly perspective surrounding areas.
China has over the last couple of years displayed a quickly increasing interest in Arctic issues. As previously reported, China could already by year 2020 send as much as 15 percent of its international trade through Arctic waters. The country is also bidding for a permanent observer status in the Arctic Council. In the summer of 2012, the country sent its icebreaker “Xue Long” (Snow Dragon) in a historic mission along the Northern Sea Route and to the North Pole.
The Russian-Chinese deal comes after Rosneft’s meetings in Beijing in mid-February. Rosneft President Igor Sechin subsequently confirmed that “we are looking at a possible joint development of the shelf”.
The deal between Rosneft and CNPC is part of a major Russian-Chinese energy agreement which includes bigger oil Russian exports in return for Chinese credits and access to Russian resources.
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.