Photo: Minister Sergey Donskoy and Tord Lien

During his official visit to Norway, Russia's Minister of Natural Resources and Environment Sergey Donskoy had a meeting with Norway's Minister of Petroleum and Energy Tord Lien to discuss cooperation between the two countries in the sphere of oil and gas exploration, and development of cross-border hydrocarbon fields.The meeting took place in Oslo on 29 November. Russia and Norway have agreed to share geological data from their maritime border areas and to speed up the conclusion of a deal on seismic mapping along the borderline. The agreement has been submitted to government for approval and that it is expected to be approved before the end of 2016. 

"I have today had a constructive meeting with Russian Natural Resource Minister [Sergey] Donskoy, it was held in a good spirit of cooperation between two countries both concerned about a reliable and secure oil industry in the Barents Sea", Tord Lien underlined after this week’s talks in Oslo. "We believe there are significant resources along the border," added Tord Lien after the meeting. "It is clear that, should we find resources that cross the border between Norway and Russia, we would have to agree on unitisation and share the revenues," Lien said.

"In addition, we are in the near future likely to sign another important document, the one on exchange of seismic data from the Barents Sea between the Federal Mineral Agency and the Norwegian Petroleum Directorate",Sergey Donskoy underlined.  

Sergey Donskoy also visited Statoil's headquarters on 29 November. As he noted during the meeting, that the ratio of reserves and resources is such that the discovery of large and unique deposits on the shelf is very likely. Statoil press spokesperson Erik Haaland stated that the meeting included a "general overview of Statoil’s activities in Russia". 

Press release from the Norwegian government can be found here (in Norwegian)  

Press release from the Russian govermnet (in Russian)