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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 Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: May 11, 2012 5:41:00 AM

goes to show we're not having as much as we thought since we have to go to harder and harder locations.
LetemEatCake
Champion Author Oklahoma City

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Message Posted: May 7, 2012 6:41:49 PM


Good article...Thanks for posting!
OldMan322
Champion Author Illinois

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Message Posted: May 7, 2012 8:36:04 AM

"ClancyME" You're asking for alot
Agarre
Champion Author Richmond

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Message Posted: May 7, 2012 8:01:45 AM

hmmm
bullet226
Champion Author Toronto

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Message Posted: May 7, 2012 7:15:03 AM

Yes, very interesting
ec951
All-Star Author Riverside

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Message Posted: May 7, 2012 7:10:03 AM

Interesting
sljbc475
Champion Author Tucson

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Message Posted: May 7, 2012 7:08:08 AM

Ok.
gabisgram
Champion Author Michigan

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Message Posted: May 7, 2012 7:03:00 AM

What a deal.
treehood
Champion Author San Diego

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Message Posted: May 7, 2012 6:56:37 AM

Oil, oil everywhere, but still not a drop is cheap.
rickone
Champion Author Detroit

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Message Posted: May 7, 2012 6:55:47 AM

Interesting - Thanks for posting.
ClancyME
Champion Author Georgia

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Message Posted: May 7, 2012 6:55:29 AM

Okay Obozo, are you paying attention??????
silverfox63
Champion Author Michigan

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Message Posted: May 7, 2012 6:54:30 AM

So much for the peak oil theory they have been feeding us the last few years.
TANGOTANGO
Champion Author Toronto

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Message Posted: May 7, 2012 6:53:57 AM

Naive!
jimraehl
Champion Author Utah

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Message Posted: May 7, 2012 6:51:17 AM

More damage to the Peak Oil theory.
alphanyr
Champion Author Connecticut

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Message Posted: May 7, 2012 6:51:04 AM

ok
ReddevilNO
Champion Author New Orleans

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Message Posted: May 7, 2012 6:49:39 AM

Ok.
RichardoB
Champion Author Fayetteville

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Message Posted: May 7, 2012 6:47:50 AM

We are seeing more large oil companies making deals to share the risk in these ventures.
pscamp
Champion Author Ottawa

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Message Posted: May 7, 2012 6:41:44 AM

pollute baby pollute
BEngr
Champion Author Illinois

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Message Posted: May 7, 2012 6:38:09 AM

I've noticed over the years more national oil companies making deals for exploration.
bikechuck
Champion Author Indianapolis

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Message Posted: May 7, 2012 6:35:01 AM

Seems the other countries don't have any problem with getting oil from the Arctic while we sit on our hands.
prcoqui
Champion Author Maryland

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Message Posted: May 7, 2012 6:29:37 AM

Good for them.
bondo
Champion Author Twin Cities

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Message Posted: May 7, 2012 6:28:34 AM

Good for them.
Pointtx
Champion Author Austin

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Message Posted: May 7, 2012 6:27:50 AM

So? Let them explore. Build better refineries and we get the finished product.
farmboyTN
Champion Author Tennessee

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Message Posted: May 7, 2012 6:26:56 AM

OK
WonderfulMI
Champion Author Michigan

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Message Posted: May 7, 2012 6:23:23 AM

Odd, is it not, how Communists and Muslims are blessed with oil?
Rt118E
Champion Author Pennsylvania

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Message Posted: May 7, 2012 6:22:58 AM

Well I hope they don't make any messes up there
nb52
Champion Author Grand Rapids

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Message Posted: May 7, 2012 6:22:27 AM

While the US government keeps most of the federal land in the "Great White North" off limits to research.
rogerparry
Champion Author Florida

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Message Posted: May 7, 2012 6:22:14 AM

Drill baby drill.
Ringmaster2008
Champion Author Ontario

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Message Posted: May 7, 2012 6:22:01 AM

The Arctic is too fragile to be used for oil drilling.
Chem60
Champion Author Tallahassee

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Message Posted: May 7, 2012 6:21:42 AM

We didn't get the job because it is in Russian waters!

And, if you read the article, "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."

[Edited by: Chem60 at 5/7/2012 6:22:02 AM EST]
HelenT
Champion Author Buffalo

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Message Posted: May 7, 2012 6:21:04 AM

?
JoJoQc
Champion Author Montreal

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Message Posted: May 7, 2012 6:20:50 AM

Okay!!!
Tommy4Wheel
Champion Author Wilmington

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Message Posted: May 7, 2012 6:19:31 AM

Obama's Fault!!
pbug101
Champion Author Georgia

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Message Posted: May 7, 2012 6:18:29 AM

ok
pitamon
Champion Author Philadelphia

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Message Posted: May 7, 2012 6:17:07 AM

Why didn' we get the job?
DJRIO
Champion Author Miami

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Message Posted: May 7, 2012 6:17:02 AM

peanuts
pbear316
Champion Author Akron

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Message Posted: May 7, 2012 6:15:47 AM

Here's to the development of another oil field.
lindact
Champion Author New Haven

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Message Posted: May 7, 2012 6:14:07 AM

Just don't screw up...
Jeffro61
Champion Author Cleveland

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Message Posted: May 7, 2012 6:12:59 AM

Ok
golftellowcat
Champion Author Ottawa

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Message Posted: May 7, 2012 6:12:40 AM

ok
subnuke
Champion Author Atlanta

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Message Posted: May 7, 2012 6:12:33 AM

ok
fillerupyeoww
Champion Author Columbus

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Message Posted: May 7, 2012 6:12:27 AM

drill.
ironbox_sara
Champion Author Albany

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Message Posted: May 7, 2012 6:09:34 AM

Will the kooks show up to protest there?
AvantiMick
Champion Author Indiana

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Message Posted: May 7, 2012 6:08:29 AM

May as well drill Alaska now.
Dabozz53
Champion Author New Jersey

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Message Posted: May 7, 2012 6:08:01 AM

Interesting.
ChristinaCricke
Champion Author New Jersey

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Message Posted: May 7, 2012 6:06:33 AM

Oh!
rahcat
Champion Author Grand Rapids

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Message Posted: May 7, 2012 6:05:59 AM

The Russians are coming...the Russians are coming.
dar 1
Champion Author Michigan

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Message Posted: May 7, 2012 6:04:05 AM

GREAT...........
Hop1LA
Champion Author Baton Rouge

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

OK
MountedShooter
Champion Author Georgia

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

Ok.
pachukdog1
Champion Author Pensacola

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

drill away
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