OSLO (Reuters) - Oil firms Equinor (OL:EQNR) and Rosneft (MM:ROSN) 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.