Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713 prospect in the Norwegian section of the Barents Sea.
The first exploration well Pingvin-1 will be drilled by the Transocean Spitsbergen rig.
The water depth is 422 meters and the drilling target total vertical depth (TVD) is 1,516 meters. The companies expect to analyze the drilling results until the end of 2014.
RN Nordic Oil AS is partner in the license (PL713) with Statoil (that is the operator), North Energy ASA and Edison International Norway Branch.