Russia, where Statoil has been present for over 20 years is an important area for Statoil’s international expansion.

We are participating in the Kharyaga oil field development project in the Nenets Autonomous District. We are also maintaining and further developing a significant presence in north-western Russia through cooperation with authorities, industries, universities and research centers. Statoil is constantly looking for new business development opportunities in oil and gas projects in Russia with a focus on the Arctic.

The recently signed strategic cooperation agreement with Rosneft to jointly explore four offshore fields in the Russian Barents Sea and the Sea of Okhotsk and conduct joint technical studies on two onshore assets is regarded as an important milestone for Statoil’s ambition to expand its engagement with Russian partners and build a strong long-term position in Russia.

We believe Statoil can make a significant contribution to further development of the Russian oil and gas industry based upon our 40 years of experience in developing complex projects in harsh environments, strong HSE (Health, Safety and Environment) performance and leading technological expertise.