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Rosneft is looking for asset swaps in Norway: subsidiary CEO

Reuters  |  OSLO 

OSLO (Reuters) - Russia's company is looking for assets on the Norwegian continental shelf to swap with its assets in Russia, the chief executive of Rosneft's subsidiary in said on Thursday.

Halfdan Millang, head of RN Nordic Oil, Rosneft's Norwegian subsidiary, 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 on the sidelines of an industry conference.

RN Nordic was also in the process of pre-qualifying for operatorship on the Norwegian shelf, he added.

(Reporting By Henrik Stolen and Nerijus Adomaitis)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 16:44 IST