Exxon Mobil has signed an agreement with Russia’s state-owned oil company Rosneft to explore for oil in Western Siberia. The deal is part of a long-term strategic agreement between Exxon and Rosneft signed in August 2011. The work will span 10,000 square kilometers, according to a report of the Associated Press (AP). Rosneft will provide staff and access to existing infrastructure. Exxon said that it will provide financing of up to $300 million for the pilot program, as well as necessary technology, specialists, and management services for drilling complex horizontal wells. Drilling is set to begin in 2013, and the companies expect commercial development in 2015.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor