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.

What's included

This report contains

  • Document

    Rosneft-ExxonMobil - breaking new ice in the Arctic

    PDF 542.00 KB

Table of contents

  • Executive Summary
  • Brisk progress on the current JV
    • 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
  • Minimum annual 2D seismic commitments by block


  • Offshore Rosneft-ExxonMobil JV Blocks
  • Minimum licence commitments

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