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EU sanctions try to put Russia’s Arctic drilling plans on ice

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Report summary

Russia s oil and gas sector the centrepiece of the Russian economy is now being targeted with sanctions. These sanctions focus on the pillars of Russia s post 2020 strategy Arctic exploration and shale oil but avoid gas and are unlikely to impact near term production.Rosneft and NOVATEK two of Russia s largest companies are most immediately impacted. But IOC s with equity stakes in Russian companies and Arctic or shale oil exploration projects with Russian companies are also impacted.

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    Sanctions.xls

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    EU sanctions put Russia’s Arctic drilling plans on ice

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    EU sanctions try to put Russia’s Arctic drilling plans on ice

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Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • Arctic and tight oil exploration with IOC participation.
  • Rosneft’s upstream assets remain strong cash generators
  • Licence commitments for blocks with IOC participation in the Russian offshore
  • IOC offshore and tight oil JVs (map)

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