Rosneft Will Continue Arctic Drilling

October 24, 2014

Russia's biggest oil producer Rosneft will continue drilling in the Arctic Kara Sea on its own after the departure of its partner, U.S. oil major ExxonMobil, due to sanctions, the company's head Igor Sechin said on Friday.
"We will continue drilling in any case, on our own, always and everywhere. If partners can take part - that's good, if they can't - we will carry on alone," Sechin told reporters.
The Kara-Winter-2014 Ice Expedition. (Photo Courtesy Rosneft)
The Kara-Winter-2014 Ice Expedition. (Photo Courtesy Rosneft)
Exxon earlier suspended cooperation with Rosneft in the Arctic due to U.S. sanctions over Moscow's involvement in the conflict in Ukraine.
(Reporting by Denis Pinchuk Reuters; Writing by Maria Kiselyova; Editing by Elizabeth Piper)

Related News

Advanced Navigation Raises $110M Series C to Support Increased PNT Technology Demand ATSB Releases Preliminary Report on Nuyina Grounding Breaking the Ice: How a Space-Based Initiative is Solving a Maritime Challenge OneSubsea Moves to Acquire Norway’s Envirex Subsea Business DOF Selects Kongsberg Listen for HUGIN AUV Survey Platform