ExxonMobil-Rosneft expand Arctic net to Alaska, LNG

02/18/2013
ExxonMobil Corp. and Russia's Rosneft have agreed to expand a 2011 strategic cooperation agreement to include far more Russian Arctic exploratory acreage, possible Rosneft participation in ExxonMobil's Point Thomson gas-condensate field in Alaska, and a potential Russian Arctic LNG project. The two companies will add seven Arctic license areas that total 150 million acres in the Russian Chukchi, Laptev, and Kara seas. The 2011 pact covered East Prinovozemelskiy Blocks 1, 2, and 3 that total 126,000 sq km in 50-150 m in the Kara Sea and the Tuapse license block in the Black Sea (OGJ Online, Aug. 30, 2011). The license blocks include the Severo-Vrangelevsky-1, Severo-Vrangelevsky-2 and Yuzh...
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