Friday, September 19, 2014

“Rosneft” and ExxonMobil continue joint drilling in the Arctic – Reuters

"Rosneft" and ExxonMobil continue joint drilling in the Arctic – Reuters

MOSCOW, Sept. 19 – RIA Novosti. Rosneft and ExxonMobil continued American joint exploratory drilling in the Kara Sea, Reuters reported with reference to the Minister of Natural Resources of Russia Sergey Donskoy.

“Exxon continues to exploratory drilling in the Kara Sea,” – said the agency Don.

Earlier on Friday, commenting on media reports about the suspension of the project due to the sanctions imposed against the Russian Federation, the Minister noted that the official information he does not, but the probability of this is high. Don then said that he intends to discuss this issue with Rosneft.

the United States introduced on September 12 restrictions on the supply or re-export of goods and services (excluding financial services), as well as technologies for projects for exploration and production in deep offshore , Arctic offshore projects and shale oil five Russian companies, including Rosneft.

The largest Russian oil company in 2011, has signed an agreement with ExxonMobil on cooperation in the development of the East Prinovozemelsky blocks in the Kara Sea and the Tuapse Trough in the Black Sea. In exchange for a share of 33% on the development in the Kara Sea ExxonMobil has agreed to cover the majority of costs associated with exploration drilling, which totaled more than $ 3.2 billion.

ExxonMobil Russia and Rosneft in August of this year, early exploratory drilling platform West Alpha at the northernmost borehole Russia – University-1 in the Kara Sea. As noted earlier Bloomberg, the work was designed for 70 days, but in connection with the entry into force of the new sanctions, American companies have until September 26 to complete the implementation fell under the ban of projects with Russian partners.

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