ABSTRACT
This chapter offers an overview of bilateral cooperation between Norwegian and Russian companies in the petroleum industry in the High North. The delimitation line dispute between Norway and Russia in the Barents Sea was unexpectedly settled in 2010, after being unresolved for many decades. This chapter focuses on business-to-business (B2B) cooperation between Norwegian and Russian oil and gas companies and companies supplying products and services to oil and gas projects, as well as on some of the regional effects of such cooperation. The aim of this chapter is twofold. It describes the history of Norwegian and Russian business-to-business cooperation in the petroleum industry in the High North, and, based on that, it provides an analysis of key driving forces and major factors that in the future can promote but also limit the scope of cooperative development in the Norwegian and Russian petroleum industry in the Barents Sea.
