Rosneft-ExxonMobil - breaking new ice in the Arctic

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20 February 2013

Rosneft-ExxonMobil - breaking new ice in the Arctic

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
    • 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:

  • Document

    Rosneft-ExxonMobil - breaking new ice in the Arctic

    PDF 542.00 KB