Rosneft is in the Gulf of Mexico


The company "Rosneft" has reached an agreement with its strategic partner Exxon Mobil to acquire equity interest for exploration activities in the areas Exxon Mobil in the Gulf of Mexico.

 The company "Rosneft" has reached an agreement with its strategic partner Exxon Mobil to acquire equity interest for exploration activities in the areas Exxon Mobil in the Gulf of Mexico, expanding its presence in the global geography of the southern borders of the United States.

Agreement on joint drilling in the Gulf of Mexico, signed at the headquarters of Exxon Mobil president of Rosneft, Igor Sechin and Vice President of Exxon Mobil's exploration Steven Greenlee.

Output in the Gulf of Mexico

"According to these agreements, Rosneft had the opportunity to work together with Exxon for 20 offshore areas of the Gulf of Mexico, which will receive 30 percent interest in those licenses that are purchased by Exxon", — Sechin said at the signing ceremony.

Twenty blocks with a total area of approximately 450 square kilometers located in the waters with depths ranging from 640 to 2070 meters. Seventeen of them are located in the western part of the Gulf of Mexico, and three — in the center. Exxon Mobil retains a 70% ownership interest in these blocks and is the operator. Rarabotki deposits in these areas have not been conducted.

Mined in the U.S. Gulf of Mexico, 27% of the total consumption of crude oil.

Accelerating the pace of

The head of Rosneft said in a dialogue with the journalists that Rosneft and Exxon Mobil are no contradictions. The partners intend to accelerate the dynamics of the development of new oil fields both on the territory of Russia and the U.S. shelf. According to Greenlee, Mesikanskom start drilling in the Gulf over the next year. At 2014 Rosneft and Exxon Mobil decided to move the date of drilling the first well in the Kara Sea — a year earlier than originally scheduled.

"We zavershli complex geological exploration with Exxon, determined the point of the upcoming drilling chartered a drilling platform, and in August-September 2014 will drill the first well in the Kara Sea. We anticipate that this work — I tell you this with a fair degree of certainty — complete the discovery of new oil and gas projects. We are very pleased that the work is on schedule, in fact, we are accelerating them — drilling in the Kara Sea will start a year ahead of schedule, "- said Sechin.

In February 2013, Rosneft and ExxonMobil have expanded the scope of cooperation in the framework of the strategic cooperation agreement in 2011. It provides for the joint development of approximately 600,000 km2 exploration area on the Arctic continental shelf of Russia, Rosneft's potential involvement in the project of oil and gas condensate (condensate field) Point Thomson in Alaska, a joint assessment of the feasibility of the LNG project in the Russian Far East. Arrangements provide for exploration in 7 new sites in the Chukchi Sea, the Laptev Sea and the Kara Sea.

Sechin said that total investment of foreign partners Rosneft — ExxonMobil, Eni and Statoil — in exploration in offshore areas of the company will reach $ 14 billion.

The largest transaction of acquisition

The head of Rosneft first announced to investors that the closing of transactions for the purchase of TNK-BP completed early in the second quarter of this year, which would adjust the forecasts.

"This is a unique deal, and the fact that it is sold mostly for cash, this is the biggest deal in the history of the acquisition … Acquisition of TNK-BP will be the beginning of a new phase of consolidation in the industry," — said Sechin.

Integration of TNK-BP assets will allow Rosneft to increase the resource base in the province Vankorskaya of 2.7 billion barrels of oil equivalent. To date, the company expects to get the effect of $ 4-5 billion from the integrated projects only Vanqor.

"The integrated development project Vankorskaya province will provide economic effect of the order of $ 4-5 billion. Also, significant synergies will be realized by the joint development Yurubcheno-Tokhomskoye and Kuyumbinskoye fields Verkhnechonskoe field," — said Sechin.

Vankor field, which became the basis for the formation of a new oil province in eastern Siberia, is the largest new oil project in post-Soviet Russia.

Rosneft is currently in the process of buying 100% of TNK-BP. According to the official report, the transaction acquiring 100% of TNK-BP will be completed in the first half of 2013. According to the deal, "Rosneft" BP will pay about $ 12 billion in cash and the British company will get a whole 19.7% of state-owned companies. In addition, "Rosneft" plans to pay AAR $ 28 billion in cash.

Rosneft after buying TNK-BP has become the world's largest public oil company.

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