ST. PETERSBURG, June 21 (RIA Novosti) - Russian state-owned oil giant Rosneft signed deal completion agreements on Russian shelf projects with Italy’s Eni and Norway’s Statoil on Friday, the company said.
The deals were signed at the St. Petersburg International Economic Forum.
Rosneft and Eni have completed formation of organizational structures to jointly implement offshore projects in the Barents Sea and the Black Sea, Rosneft said in a statement on its website.
“Rosneft and Eni S.p.A., acting through their subsidiaries Rosneft JV Projects S.A. and Eni Energy Russia BV, signed the completion deed for the Russian offshore projects (regarding Fedynsky, Central Barents blocks in the Barents Sea and Western Chernomorsky block in the Black Sea),” Rosneft said.
Rosneft and Statoil signed a completion deed on the development of Russian offshore blocks in the Barents Sea and in the Sea of Okhotsk: Lisyansky, Kashevarovsky, Perseevsky and Magadan 1.
“Signing the completion deed confirms the formation of joint ventures, entering into final agreements and fulfillment of all conditions for completion,” Rosneft said in a statement.
The companies also signed a heads of agreement for joint pilot development of Domanic shale formations at 12 Rosneft license blocks in the Samara Region in the Volga Federal District. The Russian oil giant will hold 51 percent in the project, while Statoil will hold 49 percent.
Statoil will provide financing of up to $60 million, Rosneft said.