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Rosneft approved implementation of two joint projects with US ExxonMobil - EastRussia | Far East

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Rosneft approved the implementation of two joint projects with the US ExxonMobil

The Board of Directors of Rosneft approved the implementation of two joint projects with the American ExxonMobil Oil Corporation. This is a project for the exploration and development of the Ust-Lensky area on the Laptev Sea shelf and a project for the exploration and development of the North Wrangel-1 site on the shelf of the Chukchi Sea.

Rosneft and ExxonMobil in 2013 signed an agreement on the American company's participation in the development of seven sectors on the Russian shelf: North-Wrangel-1, North-Wrangel-2 and South Chukchi in the Chukchi Sea, Ust -Olenek, Ust-Lensk and Anisin-Novosibirsk in the Laptev Sea and the North Kara Block in the Kara Sea.

In June, 2013 companies established an Arctic Research and Design Center in Russia, which provides services to Rosneft and ExxonMobil joint ventures in research and engineering.