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ExxonMobil agrees arctic joint venture with Rosneft


ExxonMobil agrees arctic joint venture with Rosneft

Report summary

The key element of the strategic alliance is an Arctic exploration agreement, with ExxonMobil farming-in for a 33.3% stake in 126,000 square kilometres of frontier offshore acreage. ExxonMobil will carry the first phase of exploration, estimated at US$2.2 billion. The agreement also re-affirms the companies' Black Sea exploration partnership, initially announced in January 2011, under which ExxonMobil will carry Rosneft through the first US$1 billion of exploration. The Arctic acreage ...

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  • ExxonMobil agrees arctic joint venture with Rosneft PDF - 11.64 MB 5 Pages, 1 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Kara Sea
      • Yet-to-find potential is enormous
      • Exploration will target giant oil discoveries, but the wider basin is gas prone
    • Black Sea
  • Strategic rationale
    • ExxonMobil
    • Rosneft
  • Oil & gas pricing and assumptions

In this report there are 2 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • EPNZ 1, 2, 3, Tuapsinski and Sakhalin-1
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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