Rosneft is looking for asset swaps in Norway, according to Halfdan Millang, CEO of RN Nordic Oil, Rosneft's subsidiary in Norway

As Reuters reports, Russia’s oil company Rosneft is looking for assets on the Norwegian continental shelf to swap with its assets in Russia, according to Halfdan Millang, chief executive of Rosneft’s subsidiary in Norway, member of the Board of Directors of the NRCC.

Halfdan Millang, said the company was bidding for acreage in Norway’s 24th licensing round, but also looking at “inorganic” growth opportunities.

“Primarily we are looking at assets swaps. Not necessarily only in the Barents Sea, but on the whole Norwegian shelf,” Millang told Reuters. He also mentioned that RN Nordic Oil was also in the process of pre-qualifying for operatorship on the Norwegian shelf.

Please read the original version of the article here.

The news was also mentioned in Norwegian media. Please see the article in Norwegian here