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Rosneft and Statoil in Arctic exploration deal

BBC News -- Russian oil giant Rosneft has signed a deal with Norway's Statoil to explore the sea around the Arctic.

It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil.

Norway's state-held firm will get ownership of a third of a new joint venture that will explore one of Rosneft's fields in the Barents Sea.

The deals are a sign of Rosneft's growing global ambitions.

The Statoil agreement also covers three Rosneft blocs in the Far Eastern Sea of Okhotsk.

Some media reports put the value of the deal at about $2.5bn (£1.5bn) but Statoil told the BBC that it has "not given any valuation of the deal".

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Submitted May 07, 2012 By: dasAuto

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: May 11, 2012 4:41:00 AM Ignore honda0105 Report Abuse goes to show we're not having as much as we thought since we have to go to harder and harder locations.
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,204,730 Joined:Mar 2008	Message Posted: May 7, 2012 5:41:49 PM Ignore LetemEatCake Report Abuse Good article...Thanks for posting!
OldMan322 Champion Author Illinois Posts:5,155 Points:1,594,740 Joined:Jul 2008	Message Posted: May 7, 2012 7:36:04 AM Ignore OldMan322 Report Abuse "ClancyME" You're asking for alot
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: May 7, 2012 7:01:45 AM Ignore Agarre Report Abuse hmmm
bullet226 Champion Author Toronto Posts:2,716 Points:534,915 Joined:Nov 2010	Message Posted: May 7, 2012 6:15:03 AM Ignore bullet226 Report Abuse Yes, very interesting
ec951 All-Star Author Riverside Posts:909 Points:381,515 Joined:Nov 2011	Message Posted: May 7, 2012 6:10:03 AM Ignore ec951 Report Abuse Interesting
sljbc475 Champion Author Tucson Posts:4,220 Points:872,375 Joined:Dec 2010	Message Posted: May 7, 2012 6:08:08 AM Ignore sljbc475 Report Abuse Ok.
gabisgram Champion Author Michigan Posts:2,196 Points:912,250 Joined:Sep 2006	Message Posted: May 7, 2012 6:03:00 AM Ignore gabisgram Report Abuse What a deal.
treehood Champion Author San Diego Posts:2,044 Points:396,610 Joined:May 2011	Message Posted: May 7, 2012 5:56:37 AM Ignore treehood Report Abuse Oil, oil everywhere, but still not a drop is cheap.
rickone All-Star Author Detroit Posts:545 Points:392,685 Joined:May 2004	Message Posted: May 7, 2012 5:55:47 AM Ignore rickone Report Abuse Interesting - Thanks for posting.
ClancyME Champion Author Georgia Posts:14,505 Points:2,367,765 Joined:Sep 2006	Message Posted: May 7, 2012 5:55:29 AM Ignore ClancyME Report Abuse Okay Obozo, are you paying attention??????
silverfox63 Champion Author Michigan Posts:8,120 Points:1,611,715 Joined:Oct 2008	Message Posted: May 7, 2012 5:54:30 AM Ignore silverfox63 Report Abuse So much for the peak oil theory they have been feeding us the last few years.
TANGOTANGO Champion Author Toronto Posts:1,151 Points:355,780 Joined:Mar 2011	Message Posted: May 7, 2012 5:53:57 AM Ignore TANGOTANGO Report Abuse Naive!
jimraehl Champion Author Utah Posts:7,064 Points:1,636,590 Joined:Sep 2008	Message Posted: May 7, 2012 5:51:17 AM Ignore jimraehl Report Abuse More damage to the Peak Oil theory.
alphanyr Champion Author Connecticut Posts:4,830 Points:675,750 Joined:Apr 2011	Message Posted: May 7, 2012 5:51:04 AM Ignore alphanyr Report Abuse ok
ReddevilNO Champion Author New Orleans Posts:3,371 Points:581,190 Joined:Aug 2011	Message Posted: May 7, 2012 5:49:39 AM Ignore ReddevilNO Report Abuse Ok.
RichardoB Champion Author Fayetteville Posts:8,002 Points:2,003,185 Joined:Jun 2007	Message Posted: May 7, 2012 5:47:50 AM Ignore RichardoB Report Abuse We are seeing more large oil companies making deals to share the risk in these ventures.
pscamp Champion Author Ottawa Posts:3,277 Points:474,985 Joined:May 2011	Message Posted: May 7, 2012 5:41:44 AM Ignore pscamp Report Abuse pollute baby pollute
BEngr Champion Author Illinois Posts:6,711 Points:1,580,615 Joined:May 2008	Message Posted: May 7, 2012 5:38:09 AM Ignore BEngr Report Abuse I've noticed over the years more national oil companies making deals for exploration.
bikechuck Champion Author Indianapolis Posts:7,011 Points:2,063,120 Joined:Apr 2006	Message Posted: May 7, 2012 5:35:01 AM Ignore bikechuck Report Abuse Seems the other countries don't have any problem with getting oil from the Arctic while we sit on our hands.
prcoqui Champion Author Maryland Posts:3,955 Points:1,674,175 Joined:Dec 2006	Message Posted: May 7, 2012 5:29:37 AM Ignore prcoqui Report Abuse Good for them.
bondo Champion Author Twin Cities Posts:3,511 Points:762,010 Joined:May 2001	Message Posted: May 7, 2012 5:28:34 AM Ignore bondo Report Abuse Good for them.
Pointtx Champion Author Austin Posts:3,236 Points:725,080 Joined:Mar 2011	Message Posted: May 7, 2012 5:27:50 AM Ignore Pointtx Report Abuse So? Let them explore. Build better refineries and we get the finished product.
farmboyTN Champion Author Tennessee Posts:2,262 Points:449,310 Joined:Feb 2012	Message Posted: May 7, 2012 5:26:56 AM Ignore farmboyTN Report Abuse OK
WonderfulMI Champion Author Michigan Posts:11,648 Points:1,786,910 Joined:Jun 2008	Message Posted: May 7, 2012 5:23:23 AM Ignore WonderfulMI Report Abuse Odd, is it not, how Communists and Muslims are blessed with oil?
Rt118E Champion Author Pennsylvania Posts:9,486 Points:1,368,270 Joined:Jun 2009	Message Posted: May 7, 2012 5:22:58 AM Ignore Rt118E Report Abuse Well I hope they don't make any messes up there
nb52 Champion Author Grand Rapids Posts:7,780 Points:1,546,850 Joined:Nov 2008	Message Posted: May 7, 2012 5:22:27 AM Ignore nb52 Report Abuse While the US government keeps most of the federal land in the "Great White North" off limits to research.
rogerparry Champion Author Florida Posts:9,560 Points:1,916,430 Joined:Jan 2008	Message Posted: May 7, 2012 5:22:14 AM Ignore rogerparry Report Abuse Drill baby drill.
Ringmaster2008 Champion Author Ontario Posts:7,578 Points:1,163,785 Joined:Apr 2008	Message Posted: May 7, 2012 5:22:01 AM Ignore Ringmaster2008 Report Abuse The Arctic is too fragile to be used for oil drilling.
Chem60 Champion Author Tallahassee Posts:3,819 Points:813,050 Joined:Oct 2010	Message Posted: May 7, 2012 5:21:42 AM Ignore Chem60 Report Abuse We didn't get the job because it is in Russian waters! And, if you read the article, "It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil." [Edited by: Chem60 at 5/7/2012 6:22:02 AM EST]
HelenT Champion Author Buffalo Posts:2,954 Points:598,150 Joined:Apr 2004	Message Posted: May 7, 2012 5:21:04 AM Ignore HelenT Report Abuse ?
JoJoQc Champion Author Montreal Posts:5,336 Points:1,040,155 Joined:May 2010	Message Posted: May 7, 2012 5:20:50 AM Ignore JoJoQc Report Abuse Okay!!!
Tommy4Wheel Champion Author Wilmington Posts:32,909 Points:3,105,570 Joined:Apr 2004	Message Posted: May 7, 2012 5:19:31 AM Ignore Tommy4Wheel Report Abuse Obama's Fault!!
pbug101 Champion Author Georgia Posts:2,454 Points:579,675 Joined:Aug 2011	Message Posted: May 7, 2012 5:18:29 AM Ignore pbug101 Report Abuse ok
pitamon Champion Author Philadelphia Posts:4,904 Points:1,826,360 Joined:Sep 2004	Message Posted: May 7, 2012 5:17:07 AM Ignore pitamon Report Abuse Why didn' we get the job?
DJRIO Champion Author Miami Posts:8,046 Points:1,425,585 Joined:Jan 2008	Message Posted: May 7, 2012 5:17:02 AM Ignore DJRIO Report Abuse peanuts
pbear316 Champion Author Akron Posts:2,030 Points:677,140 Joined:Apr 2011	Message Posted: May 7, 2012 5:15:47 AM Ignore pbear316 Report Abuse Here's to the development of another oil field.
lindact Champion Author New Haven Posts:8,736 Points:1,716,970 Joined:May 2008	Message Posted: May 7, 2012 5:14:07 AM Ignore lindact Report Abuse Just don't screw up...
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ironbox_sara Champion Author Albany Posts:9,591 Points:2,238,755 Joined:Mar 2006	Message Posted: May 7, 2012 5:09:34 AM Ignore ironbox_sara Report Abuse Will the kooks show up to protest there?
AvantiMick Champion Author Indiana Posts:12,742 Points:2,542,545 Joined:Dec 2005	Message Posted: May 7, 2012 5:08:29 AM Ignore AvantiMick Report Abuse May as well drill Alaska now.
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rahcat Champion Author Grand Rapids Posts:2,468 Points:662,950 Joined:Jan 2010	Message Posted: May 7, 2012 5:05:59 AM Ignore rahcat Report Abuse The Russians are coming...the Russians are coming.
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