Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.
Rosneft holds a 66.67% stake, and Equinor holds the remaining 33.33%, in the joint venture company SevKomNeftegaz that owns the license.
Equinor did not say how much it would invest in the project.
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Sebastian T. Gass previously worked at Chevron for 13 years where he led the oil major’s digital transformation as its general manager for technology and strategy.
The Empire State’s ambitious goals to cut emissions by building new renewable energy infrastructure are being slowed by a tortuous planning process.