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Exxon and Rosneft have signed an agreement to expand their Joint Venture by adding seven blocks on Russia's Arctic Shelf

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01 February 2013

Exxon and Rosneft have signed an agreement to expand their Joint Venture by adding seven blocks on Russia's Arctic Shelf

Report summary

ExxonMobil and Rosneft have reached agreement to expand their joint venture, focused on frontier exploration in the Russian Arctic. The expanded joint venture now lays claim to a (unrisked) resource potential at over 220 billion barrels of oil equivalent - as estimated by Rosneft. The agreement leverages complementary strengths from the two companies - ExxonMobil's technical and financial capabilities and Rosneft's access to prime Russian offshore acreage. This expanded strategic ...

Table of contents

  • Executive summary
    • Brisk progress on the current JV
    • The seven new Arctic blocks
      • Laptev Sea
      • Kara Sea
      • Chukchi Sea
    • LNG MoU
    • Technology transfer drives Rosneft's international strategy
    • Evolving strategies
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 1 images and tables including:

  • Oil & gas pricing and assumptions: Table 1

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  • Document

    Exxon and Rosneft have signed an agreement to expand their Joint Venture by adding seven blocks on Russia's Arctic Shelf

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