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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
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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.
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LetemEatCake
Champion Author Oklahoma City

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


Good article...Thanks for posting!
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OldMan322
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Message Posted: May 7, 2012 8:36:04 AM

"ClancyME" You're asking for alot
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Agarre
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Message Posted: May 7, 2012 8:01:45 AM

hmmm
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bullet226
Champion Author Toronto

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

Yes, very interesting
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ec951
All-Star Author Riverside

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

Interesting
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sljbc475
Champion Author Tucson

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

Ok.
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gabisgram
Champion Author Michigan

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

What a deal.
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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.
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rickone
Champion Author Detroit

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

Interesting - Thanks for posting.
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ClancyME
Champion Author Georgia

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

Okay Obozo, are you paying attention??????
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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.
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TANGOTANGO
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Message Posted: May 7, 2012 6:53:57 AM

Naive!
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jimraehl
Champion Author Utah

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

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

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

ok
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ReddevilNO
Champion Author New Orleans

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

Ok.
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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.
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pscamp
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Message Posted: May 7, 2012 6:41:44 AM

pollute baby pollute
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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.
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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.
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prcoqui
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Message Posted: May 7, 2012 6:29:37 AM

Good for them.
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bondo
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Message Posted: May 7, 2012 6:28:34 AM

Good for them.
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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.
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farmboyTN
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Message Posted: May 7, 2012 6:26:56 AM

OK
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WonderfulMI
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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?
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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
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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.
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rogerparry
Champion Author Florida

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

Drill baby drill.
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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.
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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]
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HelenT
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Message Posted: May 7, 2012 6:21:04 AM

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

Okay!!!
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Tommy4Wheel
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Message Posted: May 7, 2012 6:19:31 AM

Obama's Fault!!
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pbug101
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Message Posted: May 7, 2012 6:18:29 AM

ok
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pitamon
Champion Author Philadelphia

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

Why didn' we get the job?
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DJRIO
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Message Posted: May 7, 2012 6:17:02 AM

peanuts
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pbear316
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Message Posted: May 7, 2012 6:15:47 AM

Here's to the development of another oil field.
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lindact
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Message Posted: May 7, 2012 6:14:07 AM

Just don't screw up...
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Jeffro61
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Message Posted: May 7, 2012 6:12:59 AM

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

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

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

drill.
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ironbox_sara
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Message Posted: May 7, 2012 6:09:34 AM

Will the kooks show up to protest there?
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AvantiMick
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Message Posted: May 7, 2012 6:08:29 AM

May as well drill Alaska now.
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Dabozz53
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Message Posted: May 7, 2012 6:08:01 AM

Interesting.
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ChristinaCricke
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Message Posted: May 7, 2012 6:06:33 AM

Oh!
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rahcat
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Message Posted: May 7, 2012 6:05:59 AM

The Russians are coming...the Russians are coming.
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dar 1
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Message Posted: May 7, 2012 6:04:05 AM

GREAT...........
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Hop1LA
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Message Posted: May 7, 2012 6:02:46 AM

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

Ok.
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pachukdog1
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Message Posted: May 7, 2012 6:00:48 AM

drill away
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