ROSNEFT & NADL: MORE BUSINESS
The head of the Norwegian drilling company that signed a recent $4.25bn deal with Rosneft says he hopes for more business with the Russian state-controlled oil company and others in that country despite the pressure of growing western sanctions.
North Atlantic Drilling is selling 30 per cent of itself to Russia's Rosneft as well as providing six offshore rigs to drill for oil up until 2022 in deals signed this summer that underlined the limits of the sanctions imposed by the US and EU due to the creeping invasion of Ukraine.
"I hope we can work closely with them for many years and I hope we can expand that business…
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