Insight
Rosneft-ExxonMobil - breaking new ice in the Arctic
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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.
Table of contents
- Executive Summary
- Brisk progress on the current JV
-
The seven new Arctic blocks
- Laptev Sea
- Kara Sea
- Chukchi Sea
- Licence commitments
- LNG MoU
- Technology transfer drives Rosneft's international strategy
- Evolving strategies
Tables and charts
This report includes 4 images and tables including:
- Rosneft and ExxonMobil's expanding Arctic acreage
- Offshore Rosneft-ExxonMobil JV Blocks
- Minimum annual 2D seismic commitments by block
- Minimum licence commitments
What's included
This report contains:
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