Russia's joint venture with three international oil development in the arctic
13/12/2013 10:45
Norwegian media reported on June 21, Moscow, Russia's state-owned oil company, the Russian oil (Rosneft) 21 in Moscow and exxon mobil, Norway's national oil companies in the United States and Italy eni signed to jointly develop the arctic oil and gas resources of the joint venture agreement and related area.
According to the agreement, Russia's oil and exxon mobil, formally established Tuapsemorneftegaz and Karmorneftegaz two joint venture companies, as they are in the black sea and kara proposed the operators of the project.
Under the agreement, exxon will spend $3.2 billion for the two regions with the first exploration. These two areas of drilling operation is expected to begin next year.
In addition, the two companies plan to form a joint venture exploration Russian arctic other seven blocks.