ExxonMobil.

• Author: Gallion, Mari
• Position: INSIDE ALASKA BUSINESS - Rosneft expand cooperation - Brief article

Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 150 million acres of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska.

The agreements, which include plans to explore seven new blocks in the Chukchi Sea, Laptev Sea and Kara Sea, were signed by Igor Sechin, president of Rosneft, and Stephen Greenlee, president of ExxonMobil Exploration Company, in the presence of Russian President Vladimir Putin. The blocks are among the most promising and least explored offshore areas globally.

A separate Heads of Agreement was signed providing Rosneft (or its...