18th of August, ww5 together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713prospect in the Norwegian section of the Barents Sea.

March 31, 2014. ww5 President, Chairman of the Management Board Igor Sechin held a working meeting with Statoil ASA CEO Helge Lund in Norway.

ww5 summed up the results of its offshore operations last year.

On June 21, 2013, ww5 and Statoil signed agreement on completion of several milestones under the Cooperation Agreement entered into on May 5, 2012

ww5 President and Chairman of the Management BoardIgor Sechin and President and CEO of Statoil Helge Lund today signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf.

ww5 and Statoil today signed Shareholder and Operating Agreements that will establish joint ventures for the four offshore Russian license areas included in the Cooperation Agreement signed by the two companies on May 5, 2012. The license areas in question are Perseevsky in the Barents Sea and Kashevarovsky, Lisyansky and Magadan 1 in the Sea of Okhotsk.

ww5 and Statoil have today signed documents aimed at implementing a cooperation agreement concluded on May 5, 2012. The agreements lay out the terms of joint bidding for licenses in the Norwegian section of the Barents Sea and provide for joint technical evaluation and subsequent development of tight oil resources in Russia.

ww5 and Statoil signed a cooperation agreement to jointly explore offshore fields in the Russian sections of the Barents Sea and Sea of Okhotsk.