Equinor, Rosneft to extract 250 million barrels of oil at Russian field

OSLO (Reuters) – Oil firms Equinor (OL:) and Rosneft (MM:) expect to extract some 250 million barrels of oil and 23 billion cubic metres of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Monday.

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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