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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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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 ...

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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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  • Oil & gas pricing and assumptions: Table 1

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