One-Page Deal Sheet
Rosneft and ExxonMobil Add Arctic Leases to Strategic Cooperation Agreement
Rosneft Oil Company ExxonMobil
Announced Date
February 14,2013
Close Date
February 14,2013
Transaction Type
JV
Location
Country
Russian Federation
Transaction Details: Subscribe to see
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also agreed to conduct a joint study on a potential LNG project in the Russian Far East.
The agreements, which include plans to explore seven new blocks in the Chukchi Sea, Laptev Sea and Kara Sea, were signed by Igor Sechin, president of Rosneft…
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| Aug-07-2013 |
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