Saturday, September 20, 2014

Rosneft Capable of Arctic Drilling Without ExxonMobil. (The East Prinovozemelsky blocks in the Kara Sea)

SOCHI, September 20 (RIA Novosti) - Russian oil giant Rosneft and US oil company ExxonMobil continue the drilling in the Kara Sea, however, the Russian company was prepared to continue work independently should plans have changed, Rosneft Vice President Larisa Kalanda said at the International Investment Forum Sochi 2014.
"The work at the Universitetskaya field is going in accordance to plans. We are satisfied with the decision from the American regulator that has authorized [Exxon's participation]… In the case that the regulator had not authorized Exxon to work at the field, Rosneft had its own plan and was ready to continue work on its own," Kalanda said.

"If Rosneft continued to work on the Universitetskaya project [independently] leading up to the field's commercial opening, partners would be required to enter a new round of negotiations to rejoin the project," she added.
Kalanda declined to comment on the exact date in which the drilling operations in the Kara Sea would finish.
"I would prefer not to name specific dates," she said, adding that, while adopting the work plan for the field, the company's specialists took into account the fact that there was little time to do the drilling.
In 2011, Rosneft signed a cooperation agreement with ExxonMobil to develop the East Prinovozemelsky blocks in the Kara Sea. In exchange for a share of 33 percent of the development in the Kara Sea, Exxon agreed to cover the majority of costs associated with exploratory drilling, which totaled more than $3.2 billion. Estimated recoverable oil resources in the three Kara Sea blocks stand at 6.2 billion tons, according to Rosneft.
Earlier, Exxon said it would assess the impact that western sanctions against Russia may have on their cooperation with Rosneft.



  1. Rosneft, ExxonMobil Discover Oil in Kara Sea Drilling: Rosneft...

    Russian oil company, Rosneft and American oil and gas corporation, ExxonMobil have discovered oil during drilling on the Universitetskaya-1 well in the Kara Sea, Rosneft said in a statement Saturday.

    "Rosneft has successfully completed the drilling of the world's northernmost Arctic well Universitetskaya-1, which resulted in the discovery of oil in the licensed area of the East-Prinovozemelsky field in the Kara Sea. Drilling was carried out in record time - one and a half months, with complete compliance with all the technological and environmental requirements," Rosneft said in its statement.

    "Preliminary assessment of the resource base only for this first opening has trapped 338 million cubic meters of gas and 100 million tons of oil , and this is only one of the structures in this field," the head of Rosneft, Igor Sechin, upon first discovering oil in the area.

    In 2011, Rosneft signed an agreement with ExxonMobil to cooperate in the development of the East Prinovozemelsky field in the Arctic Kara Sea and the Tuapse field in the Black Sea. Under the terms of the contract, Rosneft owns two-thirds of the joint venture, while Exxon controls the remainder. The joint project between the companies is worth $3.2 billion.

    In August 2013, Rosneft and ExxonMobil's joint venture company Karmorneftegaz began drilling at the Universitetskaya-1, Russia's northernmost well, using the West Alpha rig. The drilling was scheduled to finish in 70 days, but US sanctions gave American companies until September 26 to cease all operations with blacklisted Russian companies, including Rosneft.

  2. Le géant pétrolier américain ExxonMobil a bloqué des dix projets conjoints avec le russe Rosneft à cause des sanctions décrétées par les Etats-Unis contre la Russie, annonce ITAR-TASS....

    "L'accord de partenariat stratégique entre ExxonMobil et Rosneft prévoit la réalisation d'une dizaine de projets conjoints, concernant notamment la prospection et l'extraction du pétrole sur le plateau continental de la mer Noire, en Arctique et en Sibérie occidentale. ExxonMobil a arrêté neuf de ces dix projets avant la date butoir, à savoir le 26 septembre", a dit le porte-parole de la compagnie.
    Rosneft et ExxonMobil ont commencé le forage du puits Universitetskaya-1, le plus septentrional en Russie, le 9 août, à l'aide de la plateforme West Alpha.
    Le 12 septembre, les Etats-Unis ont décrété de nouvelles sanctions antirusses à cause de la situation en Ukraine. Elles ont touché cinq compagnies énergétiques russes : Gazprom, Gazprom Neft, Lukoil, Sourgoutneftegaz et Rosneft. Il est désormais interdit de leur livrer des produits, des services et des technologies nécessaires pour extraire du pétrole dans les zones difficilement accessible, en Arctique ou dans les couches de schiste
    Lire la suite:

  3. Rosneft not looking for new partners to replace ExxonMobil...

    Russian oil company Rosneft is not looking for new partners to replace ExxonMobil in projects which the US company has to quit because of sanctions imposed over events in Ukraine, the Russian company’s Vice-President Mikhail Leontyev told ITAR-TASS.

    ITAR-TASS reported earlier, citing ExxonMobil spokesman Alan Jeffers, that the company had left 9 out of 10 joint projects because of sanctions. These included planned work in the Black Sea, the Arctic and West Siberia.

    “There is speculation that we will invite new partners to the projects. We do not consider such a possibility. We prefer to work stably, taking into account the interests of our partners,” Rosneft CEO Igor Sechin said in earlier comments. “It is hard to say now what form of cooperation it will be because the sanctions are not specified in detail and depend on interpretation by third parties,” he added.

    Meanwhile, ExxonMobil remains in the Sakhalin-1 project, unaffected by American sanctions, an source from ExxonMobil told ITAR-TASS. The American company has a 30% share in the project and is its operator. The American company had to leave all other projects by September 26.

    The United States imposed new sanctions against Russia on September 12. These targeted five major Russian energy companies — Gazprom, Gazpromneft, Lukoil, Surgutneftegaz and Rosneft.


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