Inform
US sanctions freeze Russia's Arctic plans
This report is currently unavailable
Report summary
In response to US sanctions, Karmorneftegaz (ExxonMobil 33% Rosneft 67%) is winding-down operations on the Universitetskaya-1 exploration well in the Kara Sea. This is the biggest well of the year globally by prospect size (9.5 billion boe) and at an estimated one billion dollars could have been the most expensive well ever. The US sanctions target Arctic offshore, shale oil and deep-water. These were the pillars of Russia’s post 2020 oil strategy and deeply impact Rosneft and the Russian state.
Table of contents
- US sanctions freeze Russia's Arctic plans
Tables and charts
This report includes 1 images and tables including:
- Location of the Universitetskaya-1 well
What's included
This report contains:
Other reports you may be interested in
23 June 2016
Russia's upstream under sanctions: the new normal
Insight
Russia's upstream under sanctions: the new normal
EU/US sanctions have not affected Russian oil production, but pose longer term risks having delayed US$10 billion of IOC funded E&A.
$1,35005 February 2018
US sanctions on Russia in 2018: what's changed?
Insight
US sanctions on Russia in 2018: what's changed?
Have a look at our new insight on US sanctions on Russia to see what's changed in 2018.
$1,35009 October 2017
Gazpromneft makes giant oil discovery in Russia’s Far East
Inform
Gazpromneft makes giant oil discovery in Russia’s Far East
On 4 October, Gazpromneft announced a giant oil discovery in Russia's Far East. This opens a new growth area for the company.
$1,250
