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Joining Rosneft in the Sea of Okhotsk: Statoil’s Pivot to Asia?

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International Cooperation in the Development of Russia’s Far East and Siberia

Part of the book series: International Political Economy Series ((IPES))

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Abstract

In May 2012, the Norwegian and Russian national oil companies (NOCs) Statoil and Rosneft signed a comprehensive cooperation agreement that included exploration for oil and gas in the Sea of Okhotsk, off Russia’s Pacific coast. The same month, it was reported that Statoil would withdraw from its joint project with Gazprom and Total to develop the Shtokman gas and condensate field in in the Russian part of the Barents Sea (Lorentzen, 2012).

This article was first presented at the Centre on Asia and Globalisation in Singapore, at the “Developing Russia’s Far East Inaugural Conference,” in December 2013. Special thanks go to two anonymous reviewers knowledgeable about Statoil and one reviewer knowledgeable about Russia and Asia; to Jakub Godzimirski for highly valuable comments and suggestions and to Alesia Prachakova and Daniiar Moldokanov for research assistance. The work on the article was funded by the Petrosam Programme of the Research Council of Norway.

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Authors
  1. Indra Overland
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Editors and Affiliations

  1. National University of Singapore, Singapore

    Jing Huang (Professor and Director) (Professor and Director)

  2. National University of Singapore, Singapore

    Alexander Korolev (Research Fellow) (Research Fellow)

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© 2015 Indra Overland

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Overland, I. (2015). Joining Rosneft in the Sea of Okhotsk: Statoil’s Pivot to Asia?. In: Huang, J., Korolev, A. (eds) International Cooperation in the Development of Russia’s Far East and Siberia. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137489593_11

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