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LUKOIL in the Kingdom of Norway

In 2011, LUKOIL became the first Russian company qualified to act as the operator on the Norwegian continental shelf. In 2012, the Company's office was opened in Oslo, while in 2013, based on the results of the 22nd licensing round initiated by the Norwegian Ministry of Petroleum and Energy, LUKOIL entered into two joint ventures for two license blocks, PL 708 and PL 719, in the Norwegian sector of the Barents Sea.

Company Presence

SubsidiaryActivities
LUKOIL Overseas North Shelf AS 05_geological-exploration.png    Geological exploration (offshore) 
    Oil and gas production

PL 708 Production license

In June 2013, LUKOIL acquired a stake in the PL 708 license block in the Norwegian sector of the Barents Sea, based on the results of the 22-nd licensing round initiated by the Norwegian Ministry of Petroleum and Energy. License block PL 708 includes blocks 7130/4 and 7130/7 located in the Finnmark basin in the northeast of Norway. Broadband reprocessing and interpretation of 3D seismic data, as well as environmental sea bottom surveys were conducted on the block. At the end of 2015 the first wildcat was drilled, following the results of which the Norwegian Petroleum Directorate announced a discovery of a little gas field in coal deposits. Currently, the data obtained while drilling are being processed and analyzed to decide on further activities.

  • PL 719 Production license

    In June 2013, LUKOIL acquired a stake in the PL 719 license block in the Norwegian sector of the Barents Sea, based on the results of the 22-nd licensing round initiated by the Norwegian Ministry of Petroleum and Energy. License block PL 719 includes blocks 7321/8 and 7321/9 located in the Fingerdjupe basin in the western part of the Barents Sea. Processing and interpretation of 3D seismic data, as well as biostratigraphic surveys were conducted on this block, the oil and gas bearing system and the faults conductivity were investigated. Currently, the Company is expecting a decision on the choice of priority drilling target for a wildcat.

LUKOIL supports various cultural events held in Norway with the participation of Russian artistic ensembles. In early 2015, LUKOIL sponsored the Northern Lights music festival in Tromsø, an important cultural event that featured Moscow’s Bolshoi Theatre artists.

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