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  • Rosneft and BP complete the creation of a new joint venture to develop prospective resources in East and West Siberia
    édité le 02/11/2016 - Plus de news de "bp" - Voir la fiche entreprise de "bp"


Rosneft and BP complete the creation of a new joint venture to develop prospective resources in East and West Siberia
Rosneft and BP announce the completion of the deal to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.

Final binding agreements for the new joint venture were signed at the XX St. Petersburg International Economic Forum (SPIEF) in June 2016.

The joint venture will focus on the onshore exploration of two Areas of Mutual Interest (AMIs) in the West Siberian and Yenisey-Khatanga basins covering a combined area of approximately 260,000 square kilometers. Yermak Neftegaz is owned 51 per cent by Rosneft and 49 per cent by BP. Beginning in this coming winter season (2016-17), the joint venture will carry out further appraisal work by starting the drilling of the Bkl-21 well on the 2009 Rosneft-discovered Baikalovskiy field inside the Yenisey-Khatanga AMI and will commence seismic surveys of the Zapadno-Yarudeiskoye block in the West Siberian AMI. The joint venture will also conduct geological exploration of the Kheiginskoye and Anomalnoye licenses in the West Siberian AMI.

Before the completion of the deal the JV partners took a decision to participate in an auction for two E&P license blocks in Krasnoyarsk region - Verknekubinskiy and Posoyskiy, located within the Yenisey-Khatanga AMI. On October 28, 2016 Yermak Neftegaz LLC won the auctions for both exploration and production licenses. Thus the joint venture holds 7 licenses for the use of subsurface resources.

Exploration activities in the two AMIs will include regional studies, acquisition of seismic data and drilling of exploration wells. BP has committed to provide up to $300 million in two phases as its contribution to the cost of the JV’s activities at the exploration stage. Rosneft will contribute licenses and operational experience in West Siberia and Yenisey-Khatanga with initial drilling to be performed by Rosneft subsidiaries.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest public oil and gas company by liquid hydrocarbon production and reserves. The Company’s core operations are in hydrocarbon exploration and appraisal, production of oil, gas and gas condensate, offshore developments, refining, marketing of oil, gas and oil products inside and outside Russia, and investment activity.

Rosneft’s exploration and production geography spans across all key oil and gas provinces in Russia, namely Western Siberia, Southern and Central Russia, Timano-Pechora, Eastern Siberia and the Far East. The Company also implements projects in Kazakhstan, Algeria, Venezuela, Brazil, Vietnam, the UAE, Canada, and in the Gulf of Mexico. Offshore projects, including in the Arctic, take a special place in Rosneft’s portfolio. Rosneft has joined forces with ExxonMobil, Eni and Statoil to develop Russia’s offshore resources.


Origine : Communiqué bp

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