Norway offers Russia cooperation in developing gas deposit in Barents Sea

Norway offers Russia cooperation in developing the Shtokman natural gas deposit in the Barents Sea, one of the richest in the world.

Representative of Norway's largest oil and gas concern Statoil Kai Nielsen said this in a conversation with journalists in Oslo. His statement was made public on Thursday along the lines of the secretariat-general of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.

According to Nielsen, Oslo offered Moscow to develop cooperation based on using joint advanced technology in the development of the Shtokman gas fields.

As the Norwegian representative noted, "Russia is inclined to be in favor of development of such a project which can bring sizeable profits both to Moscow and to Oslo." In Nielsen's opinion, the implementation of the project can be started approximately in two years, the cost of the project running into about 29 billion U.S. dollars.