Exxon Mobil, Russia’s Rosneft sign Arctic deals

Yellow blocks included in August 2011 announcement of Strategic Cooperation Agreement Red blocks included in February 2013 announcement of Strategic Cooperation Agreement expansion

Yellow blocks included in August 2011 announcement of Strategic Cooperation Agreement. Red blocks included in February 2013 announcement of Strategic Cooperation Agreement expansion. (Image courtesy the Exxon Mobile website.)

Exxon Mobil Corp. says it has signed an agreement with Russian partner Rosneft that will give the U.S. company exploration access to 150 million more acres in the Russian Arctic.

Rosneft will have the opportunity to acquire a 25 percent interest in the Point Thompson unit on Alaska’s North Slope.

The companies say they also will study a potential liquid natural gas project in the Russian Far East.

The agreement was announced Wednesday on the Irving, Texas-based Exxon Mobil website.

The announcement says the agreements include plans to explore blocks in Chukchi, Laptev and Kara seas.

Rosneft President Igor Sechin and Exxon Mobil Exploration Co. President Stephen Greenlee signed the agreements in Moscow in the presence of Russian President Vladimir Putin.

Point Thomson is 60 miles east of Prudhoe Bay.

 

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