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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Rosneft and Statoil in Arctic exploration deal Post a Reply Back to Topics
REPLIES (newest first)
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Hop1LA
Champion Author Baton Rouge

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Message Posted: May 7, 2012 6:02:46 AM

OK
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MountedShooter
Champion Author Georgia

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Message Posted: May 7, 2012 6:01:38 AM

Ok.
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pachukdog1
Champion Author Pensacola

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Message Posted: May 7, 2012 6:00:48 AM

drill away
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Aliphatic
All-Star Author Virginia

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Message Posted: May 7, 2012 6:00:19 AM

It's cold enough there to ship oil by flatcar.
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hawkman1950
Champion Author Michigan

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Message Posted: May 7, 2012 5:59:55 AM

Big deal.
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stpetebp
Champion Author Tampa

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Message Posted: May 7, 2012 5:59:41 AM

More exploration is needed
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LeeFree
Champion Author Pittsburgh

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Message Posted: May 7, 2012 5:57:25 AM

Wouldn't want to be assigned to a rig up there. Brrrr!
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dbecks44
Champion Author Michigan

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Message Posted: May 7, 2012 5:57:13 AM

Good luck to them.
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SavingInNC
Champion Author North Carolina

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Message Posted: May 7, 2012 5:54:33 AM

What?
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Blue_Cruzer
Champion Author Lexington

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Message Posted: May 7, 2012 5:54:31 AM

Putin is already counting on how much he will pocket in the deal.
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ILVET
Champion Author Illinois

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Message Posted: May 7, 2012 5:53:57 AM

Theres plenty of oil available now
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guru36525
Veteran Author Montgomery

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Message Posted: May 7, 2012 5:51:38 AM

feel the chill in the air
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fireless1
Champion Author Atlanta

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Message Posted: May 7, 2012 5:51:09 AM

Ok
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Petrock
Champion Author Lexington

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Message Posted: May 7, 2012 5:50:22 AM

The Russians are coming! If it's not the Chinese taking over, then it's the Russians! We are doomed!
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Hunter724
Champion Author New Hampshire

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Message Posted: May 7, 2012 5:49:04 AM

Global Ambitions by the Bear.........
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jeff95519
Champion Author California

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Message Posted: May 7, 2012 5:47:47 AM

ok, now what
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kjSC
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Message Posted: May 7, 2012 5:47:23 AM

Interesting.
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Zuman
Champion Author New York

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Message Posted: May 7, 2012 5:46:39 AM

I'm sure the russian epa will be watching them.
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gassy4u
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Message Posted: May 7, 2012 5:43:00 AM

And the US just watches.
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vamike
Champion Author Virginia

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Message Posted: May 7, 2012 5:42:06 AM

As we keep sitting and watching.
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Foxt
Champion Author Minnesota

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Message Posted: May 7, 2012 5:41:15 AM

If they have to divide it three ways, it'll be very expensive crude.
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Cachase1
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Message Posted: May 7, 2012 5:37:53 AM

More exploration is a good thing.
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chevellefan
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Message Posted: May 7, 2012 5:36:14 AM

k
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BigBillMI
All-Star Author Detroit

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Message Posted: May 7, 2012 5:35:53 AM

ok
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lbrinkmn
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Message Posted: May 7, 2012 5:34:02 AM

OK
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Dailyrun
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Message Posted: May 7, 2012 5:33:17 AM

What effect will this have on gas prices?
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MopedTime
All-Star Author Michigan

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Message Posted: May 7, 2012 5:33:03 AM

That's good as long as it keeps the oil price down.
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scottydoesnt
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Message Posted: May 7, 2012 5:32:59 AM

Once again, everyone else drilling for the future while the US sits back and does nothing.
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tamiuron
Champion Author Laredo

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Message Posted: May 7, 2012 5:32:52 AM

I guess Russians do no mind the cold so much.
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FMREALTOR
Champion Author Florida

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Message Posted: May 7, 2012 5:32:30 AM

Drill!
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hamdriver
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Message Posted: May 7, 2012 5:31:48 AM

Not necessary
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paul12011
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Message Posted: May 7, 2012 5:31:05 AM

ok
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12mpgnavigator
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Message Posted: May 7, 2012 5:30:50 AM

ok
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padlocks2
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Message Posted: May 7, 2012 5:29:29 AM

Ok
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turbodog
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Message Posted: May 7, 2012 5:28:36 AM

More exploration
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1178richmond
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Message Posted: May 7, 2012 5:28:06 AM

ok
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Sickly
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Message Posted: May 7, 2012 5:27:12 AM

ok
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TommyTraveler
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Message Posted: May 7, 2012 5:23:28 AM

Ok
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Tiput
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Message Posted: May 7, 2012 5:23:27 AM

ok
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mandoid
Champion Author Colorado Springs

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Message Posted: May 7, 2012 5:22:05 AM

bbc - ok
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KrsnaDragon
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Message Posted: May 7, 2012 5:21:57 AM

International business.
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Quick68
Champion Author Columbus

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Message Posted: May 7, 2012 5:21:31 AM

You know that the price of gas will still go up so why drill for more oil?
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TerryLee
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Message Posted: May 7, 2012 5:21:07 AM

OK
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SUPERSTEVIEO
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Message Posted: May 7, 2012 5:20:39 AM

will this affect the global price of oil?
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billy44bo
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Message Posted: May 7, 2012 5:19:13 AM

good
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StrangeLuv
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Message Posted: May 7, 2012 5:18:30 AM

Hmmm.
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jeskibuff
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Message Posted: May 7, 2012 5:18:26 AM

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!
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wendy1john32
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Message Posted: May 7, 2012 5:18:24 AM

Let's see the gasoline!
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mf105
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Message Posted: May 7, 2012 5:16:42 AM

ok
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PhilMils
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Message Posted: May 7, 2012 5:16:42 AM

yup
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Jmac2008
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Message Posted: May 7, 2012 5:16:41 AM

ok
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hogfan24
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Message Posted: May 7, 2012 5:14:45 AM

Ok
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