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ExxonMobil agrees arctic joint venture with Rosneft

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01 August 2011

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 ...

Table of contents

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

Tables and charts

This report includes 2 images and tables including:

  • Oil & gas pricing and assumptions: Table 1
  • EPNZ 1, 2, 3, Tuapsinski and Sakhalin-1

What's included

This report contains:

  • Document

    ExxonMobil agrees arctic joint venture with Rosneft

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