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Rosneft and Statoil in Arctic exploration deal

BBC News -- Russian oil giant Rosneft has signed a deal with Norway's Statoil to explore the sea around the Arctic.

It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil.

Norway's state-held firm will get ownership of a third of a new joint venture that will explore one of Rosneft's fields in the Barents Sea.

The deals are a sign of Rosneft's growing global ambitions.

The Statoil agreement also covers three Rosneft blocs in the Far Eastern Sea of Okhotsk.

Some media reports put the value of the deal at about $2.5bn (£1.5bn) but Statoil told the BBC that it has "not given any valuation of the deal".

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Submitted May 07, 2012 By: dasAuto

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Hop1LA Champion Author Baton Rouge Posts:3,324 Points:1,178,445 Joined:Apr 2008	Message Posted: May 7, 2012 6:02:46 AM Ignore Hop1LA Report Abuse OK
MountedShooter Champion Author Georgia Posts:3,090 Points:743,420 Joined:Mar 2011	Message Posted: May 7, 2012 6:01:38 AM Ignore MountedShooter Report Abuse Ok.
pachukdog1 Champion Author Pensacola Posts:1,752 Points:378,475 Joined:Jan 2012	Message Posted: May 7, 2012 6:00:48 AM Ignore pachukdog1 Report Abuse drill away
Aliphatic All-Star Author Virginia Posts:775 Points:1,277,255 Joined:Mar 2005	Message Posted: May 7, 2012 6:00:19 AM Ignore Aliphatic Report Abuse It's cold enough there to ship oil by flatcar.
hawkman1950 Champion Author Michigan Posts:2,635 Points:542,505 Joined:Aug 2010	Message Posted: May 7, 2012 5:59:55 AM Ignore hawkman1950 Report Abuse Big deal.
stpetebp Champion Author Tampa Posts:6,232 Points:1,734,530 Joined:Nov 2007	Message Posted: May 7, 2012 5:59:41 AM Ignore stpetebp Report Abuse More exploration is needed
LeeFree Champion Author Pittsburgh Posts:9,161 Points:2,245,400 Joined:Jun 2005	Message Posted: May 7, 2012 5:57:25 AM Ignore LeeFree Report Abuse Wouldn't want to be assigned to a rig up there. Brrrr!
dbecks44 Champion Author Michigan Posts:1,357 Points:434,380 Joined:Jan 2012	Message Posted: May 7, 2012 5:57:13 AM Ignore dbecks44 Report Abuse Good luck to them.
SavingInNC Champion Author North Carolina Posts:5,798 Points:1,095,415 Joined:Oct 2006	Message Posted: May 7, 2012 5:54:33 AM Ignore SavingInNC Report Abuse What?
Blue_Cruzer Champion Author Lexington Posts:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: May 7, 2012 5:54:31 AM Ignore Blue_Cruzer Report Abuse Putin is already counting on how much he will pocket in the deal.
ILVET Champion Author Illinois Posts:14,804 Points:2,927,565 Joined:Jan 2005	Message Posted: May 7, 2012 5:53:57 AM Ignore ILVET Report Abuse Theres plenty of oil available now
guru36525 Veteran Author Montgomery Posts:423 Points:492,145 Joined:Mar 2005	Message Posted: May 7, 2012 5:51:38 AM Ignore guru36525 Report Abuse feel the chill in the air
fireless1 Champion Author Atlanta Posts:2,177 Points:540,715 Joined:Dec 2010	Message Posted: May 7, 2012 5:51:09 AM Ignore fireless1 Report Abuse Ok
Petrock Champion Author Lexington Posts:9,133 Points:2,559,710 Joined:Apr 2005	Message Posted: May 7, 2012 5:50:22 AM Ignore Petrock Report Abuse The Russians are coming! If it's not the Chinese taking over, then it's the Russians! We are doomed!
Hunter724 Champion Author New Hampshire Posts:8,131 Points:1,648,025 Joined:Sep 2008	Message Posted: May 7, 2012 5:49:04 AM Ignore Hunter724 Report Abuse Global Ambitions by the Bear.........
jeff95519 Champion Author California Posts:2,462 Points:1,356,190 Joined:Sep 2008	Message Posted: May 7, 2012 5:47:47 AM Ignore jeff95519 Report Abuse ok, now what
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: May 7, 2012 5:47:23 AM Ignore kjSC Report Abuse Interesting.
Zuman Champion Author New York Posts:6,174 Points:1,900,630 Joined:May 2005	Message Posted: May 7, 2012 5:46:39 AM Ignore Zuman Report Abuse I'm sure the russian epa will be watching them.
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,210 Joined:Sep 2005	Message Posted: May 7, 2012 5:43:00 AM Ignore gassy4u Report Abuse And the US just watches.
vamike Champion Author Virginia Posts:5,336 Points:1,366,900 Joined:Dec 2008	Message Posted: May 7, 2012 5:42:06 AM Ignore vamike Report Abuse As we keep sitting and watching.
Foxt Champion Author Minnesota Posts:5,270 Points:2,022,280 Joined:Jul 2006	Message Posted: May 7, 2012 5:41:15 AM Ignore Foxt Report Abuse If they have to divide it three ways, it'll be very expensive crude.
Cachase1 Champion Author Oklahoma City Posts:11,460 Points:2,382,055 Joined:Aug 2003	Message Posted: May 7, 2012 5:37:53 AM Ignore Cachase1 Report Abuse More exploration is a good thing.
chevellefan Champion Author Georgia Posts:2,738 Points:594,520 Joined:Sep 2011	Message Posted: May 7, 2012 5:36:14 AM Ignore chevellefan Report Abuse k
BigBillMI All-Star Author Detroit Posts:616 Points:248,930 Joined:Feb 2012	Message Posted: May 7, 2012 5:35:53 AM Ignore BigBillMI Report Abuse ok
lbrinkmn Champion Author Minnesota Posts:2,744 Points:1,838,690 Joined:Oct 2005	Message Posted: May 7, 2012 5:34:02 AM Ignore lbrinkmn Report Abuse OK
Dailyrun Champion Author Kentucky Posts:1,992 Points:390,790 Joined:Apr 2012	Message Posted: May 7, 2012 5:33:17 AM Ignore Dailyrun Report Abuse What effect will this have on gas prices?
MopedTime All-Star Author Michigan Posts:769 Points:362,035 Joined:Mar 2012	Message Posted: May 7, 2012 5:33:03 AM Ignore MopedTime Report Abuse That's good as long as it keeps the oil price down.
scottydoesnt Champion Author Chicago Posts:3,792 Points:529,770 Joined:Apr 2011	Message Posted: May 7, 2012 5:32:59 AM Ignore scottydoesnt Report Abuse Once again, everyone else drilling for the future while the US sits back and does nothing.
tamiuron Champion Author Laredo Posts:1,943 Points:727,410 Joined:Jan 2011	Message Posted: May 7, 2012 5:32:52 AM Ignore tamiuron Report Abuse I guess Russians do no mind the cold so much.
FMREALTOR Champion Author Florida Posts:6,415 Points:1,698,955 Joined:Jan 2007	Message Posted: May 7, 2012 5:32:30 AM Ignore FMREALTOR Report Abuse Drill!
hamdriver Champion Author Lansing Posts:3,479 Points:1,380,000 Joined:Feb 2008	Message Posted: May 7, 2012 5:31:48 AM Ignore hamdriver Report Abuse Not necessary
paul12011 Champion Author Chicago Posts:1,758 Points:91,055 Joined:May 2011	Message Posted: May 7, 2012 5:31:05 AM Ignore paul12011 Report Abuse ok
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turbodog Champion Author Mississippi Posts:6,766 Points:1,364,390 Joined:Feb 2009	Message Posted: May 7, 2012 5:28:36 AM Ignore turbodog Report Abuse More exploration
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KrsnaDragon Champion Author Montreal Posts:2,417 Points:533,250 Joined:Nov 2011	Message Posted: May 7, 2012 5:21:57 AM Ignore KrsnaDragon Report Abuse International business.
Quick68 Champion Author Columbus Posts:8,238 Points:1,227,750 Joined:Dec 2009	Message Posted: May 7, 2012 5:21:31 AM Ignore Quick68 Report Abuse You know that the price of gas will still go up so why drill for more oil?
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: May 7, 2012 5:21:07 AM Ignore TerryLee Report Abuse OK
SUPERSTEVIEO Champion Author Quebec Posts:3,523 Points:787,115 Joined:Oct 2010	Message Posted: May 7, 2012 5:20:39 AM Ignore SUPERSTEVIEO Report Abuse will this affect the global price of oil?
billy44bo Champion Author Mobile Posts:7,217 Points:1,492,820 Joined:Feb 2008	Message Posted: May 7, 2012 5:19:13 AM Ignore billy44bo Report Abuse good
StrangeLuv Champion Author Kansas City Posts:3,694 Points:902,875 Joined:Jul 2008	Message Posted: May 7, 2012 5:18:30 AM Ignore StrangeLuv Report Abuse Hmmm.
jeskibuff Champion Author Tampa Posts:7,895 Points:1,450,085 Joined:May 2004	Message Posted: May 7, 2012 5:18:26 AM Ignore jeskibuff Report Abuse chuckwthompson said: "here in the USA we are still waiting for our president to lead us!" He's leading us, no doubt...just not in the direction we should be going!
wendy1john32 Champion Author Los Angeles Posts:1,757 Points:1,056,995 Joined:Jul 2009	Message Posted: May 7, 2012 5:18:24 AM Ignore wendy1john32 Report Abuse Let's see the gasoline!
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