Gazprom and Lukoil will found joint venture for the Barents Sea shelf development
Edited by Rhod Mackenzie / 2014-06-16 12:51:21
Oil and Gas Russia Russia Oil and Gas Gas Gazprom Geological prospecting Lukoil Oil Production and Refining
Gazprom and Lukoil will found a joint venture for the Barents Sea shelf development in late 2014, the chief of Lukoil, V. Alekperov claims. They will distribute the shares as of 34% to Lukoil and 66% to Gazprom. The project will be financed in accordance with the shares of the participants. The enterprise will operate at the Medvezhy block.