29:
1411:
893:
772:
758:
1421:
265:. Under the terms of the contract, Rosneft will own two-thirds of the joint venture, with Exxon controlling the remainder. The first oil produced from the fields was expected to be drilled in 2015, with ExxonMobil at least initially paying for most construction costs. Total investment to the East-Prinovozemelsky blocks, according to Russian Prime Minister
280:
that blocked the partnership, and after ExxonMobil received a brief exemption in order to safely complete drilling a well it withdrew from East-Prinovozemelsky. ExxonMobil was later granted a limited waiver to maintain "administrative actions" in the joint venture, and in March 2017 applied to the
281:
US government for a full waiver that would allow it to resume drilling in partnership with
Rosneft. The request was denied in April, though the decision was not immediately fatal for the venture, as under the terms of the agreement ExxonMobil has until 2023 to begin operations in the field.
289:
The South Kara Sea hydrocarbons basin lies on the same geological trend with the
Western Siberian hydrocarbon province. The East-Prinovozemelsky area covers 125,000 square kilometres (48,000 sq mi). According to Rosneft, the estimated oil in place is 35.8 billion barrels
228:
to develop the East-Prinovozemelsky oil and gas field. For the development activities, a joint operating company was to be created in which
Rosneft would have 66.67% and BP would have 33.33% of shares. Initial stages of exploration activities would to be financed by BP.
256:
On 30 August 2011, Rosneft announced that instead of BP the partner for EPNZ-1, EPNZ-2 and EPNZ-3 will be ExxonMobil. The two companies agreed to invest US$ 3.2 billion in a joint venture to develop the three East-Prinovozemelsky blocks, as well as a
662:
1168:
1155:
269:, could possibly reach as high as $ 500 billion, though ExxonMobil's officials said that in the near term, it is likely that investments will reach only tens of billions of dollars.
1197:
277:
349:
273:
220:
The field is divided into three license blocks: EPNZ-1, EPNZ2, and ENPZ-3. In
October 2010, licenses for all three blocks were awarded to Russian oil company
714:
478:
72:
300: m) and the estimated natural gas in place is 10.32 trillion cubic metres (364 trillion cubic feet). Of this 21.7 billion barrels (3.45
630:
1450:
1179:
805:
542:
1460:
589:
310: m) of oil and 2.4 trillion cubic metres (85 trillion cubic feet) of gas lies in EPNZ-1 block, 12.5 billion barrels (1.99
1185:
209:
692:
1455:
1088:
320: m) of oil and 2.2 trillion cubic metres (78 trillion cubic feet) of gas in EPNZ-2, and 1.6 billion barrels (250
857:
736:
1445:
1319:
1128:
1093:
1161:
990:
193:
1284:
1219:
970:
1299:
1214:
1191:
1098:
1269:
1224:
798:
489:
188:– meaning: East of Novaya Zemlya structure) is a gigantic undeveloped Arctic oil and gas field located in the
1304:
1294:
1174:
1150:
521:
515:
1375:
1370:
1229:
1022:
594:
1424:
1360:
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1279:
1133:
1123:
1108:
840:
639:
1237:
1078:
980:
924:
566:
449:
417:
357:
330: m) of oil and 5.7 trillion cubic metres (200 trillion cubic feet) of gas in EPNZ-3.
1414:
1242:
1042:
1032:
791:
248:), due to a dispute over Russian exploration rights between the two companies, and was nullified.
1396:
1380:
1289:
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985:
929:
667:
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1047:
1027:
939:
241:
603:
1365:
1344:
1250:
1083:
1052:
960:
629:
Soldatkin, Vladimir; Golubkova, Katya; Erman, Michael; Scheyder, Ernest (1 September 2011).
189:
28:
1103:
201:
1017:
1012:
919:
599:
560:
443:
411:
266:
1439:
1334:
1057:
777:
763:
205:
715:"Trump Administration Won't Waive Sanctions for Oil Project Exxon Planned in Russia"
1339:
1329:
1062:
934:
878:
258:
245:
224:. In January 2011, Rosneft announced that it will form a strategic alliance with
1037:
914:
892:
383:
1324:
1113:
965:
944:
814:
753:
237:
121:
87:
74:
862:
771:
543:"BP, Russian billionaires, and the Kremlin: a Power Triangle that never was"
388:
197:
52:
850:
634:
485:
221:
117:
107:
236:, a joint venture with a group of Russian billionaires, known as AAR (
975:
262:
233:
42:
845:
835:
787:
783:
1169:
Exxon Corp. v Exxon
Insurance Consultants International Ltd
225:
1156:
Accusations of ExxonMobil human rights violations in Aceh
693:"Exxon Seeks U.S. Waiver to Resume Russia Oil Venture"
513:
Flynn, Alexis; Gronholt-Pedersen, Jacob (2011-05-18).
1198:
People of the State of New York v. Exxon Mobil Corp.
1389:
1353:
1262:
1207:
1143:
1071:
1005:
953:
907:
900:
871:
828:
821:
150:
132:
127:
113:
103:
66:
58:
48:
38:
21:
737:"Exxon In Multibillion-Dollar Russian Arctic Deal"
590:"Rosneft teams up with Exxon Mobil in Arctic deal"
559:
514:
442:
410:
208:island. It is the continuation of the continental
437:
435:
378:
376:
374:
344:
342:
631:"Exxon, Rosneft tie up in Russian Arctic, U.S."
799:
663:"Exxon Reaches Arctic Oil Deal With Russians"
8:
687:
685:
561:"ExxonMobil in $ 3.2bn Rosneft Arctic pact"
412:"Rosneft and Gazprom clinch Arctic acreage"
33:Location of the East-Prinovozemelsky blocks
904:
825:
806:
792:
784:
624:
622:
620:
549:, November 23, 2011. Retrieved 2011-11-24.
27:
18:
473:
471:
469:
467:
717:. The Wall Street Journal. 21 April 2017
695:. The Wall Street Journal. 19 April 2017
232:The deal was blocked by BP's subsidiary
338:
252:Rosneft–ExxonMobil joint venture
1180:ExxonMobil climate change controversy
186:Vostochno-Prinovozemelskoye structure
7:
1420:
661:Kramer, Andrew E. (30 August 2011).
479:"Rosneft Strategic Alliance with BP"
444:"BP and Rosneft in exploration pact"
350:"BP, Rosneft form Kara Sea alliance"
1186:Kivalina v. ExxonMobil Corporation
588:Vasilyeva, Nataliya (2011-08-30).
384:"BP and Russia in Arctic oil deal"
210:West Siberian hydrocarbon province
14:
1175:Longford, Victoria gas plant fire
16:Oil and gas field in the Kara Sea
1419:
1410:
1409:
891:
770:
756:
570:. NHST Media Group. 2011-08-30
488:. January 2011. Archived from
453:. NHST Media Group. 2011-01-14
421:. NHST Media Group. 2010-10-15
1:
1320:Sable Offshore Energy Project
136:35,800 million barrels (~4.88
1451:Natural gas fields in Russia
1129:Trans-Alaska Pipeline System
516:"BP, Rosneft Still in Talks"
1162:Allison v. ExxonMobil Corp.
194:continental shelf of Russia
1477:
1461:Rosneft oil and gas fields
1285:Hebron-Ben Nevis oil field
1275:East-Prinovozemelsky field
1220:2010 Port Arthur oil spill
971:Magnolia Petroleum Company
182:East-Prinovozemelsky field
22:East-Prinovozemelsky field
1405:
1300:Kizomba deepwater project
1215:2010 ExxonMobil oil spill
1192:Oil Pollution Act of 1990
1151:Overview of controversies
1099:Exxon Building (New York)
889:
26:
1270:Colony Shale Oil Project
1225:2013 Mayflower oil spill
1295:Kearl Oil Sands Project
522:The Wall Street Journal
1456:Industry in the Arctic
1376:Mobil Showcase Network
1371:ExxonMobil Electrofrac
595:Bloomberg Businessweek
151:Estimated gas in place
133:Estimated oil in place
1361:History of ExxonMobil
1315:Prudhoe Bay Oil Field
1280:Goose Creek Oil Field
1134:Upper Zakum oil field
1124:Port Stanvac Refinery
1109:Imperial Oil Building
739:. NPR. 30 August 2011
547:Oxford Energy Comment
1446:Oil fields of Russia
1263:Oil & gas fields
1238:Greenpoint oil spill
1079:Baton Rouge Refinery
981:Superior Oil Company
925:ExxonMobil Australia
541:Yenikeyeff, Shamil,
358:PennWell Corporation
1043:John D. Rockefeller
1033:Samuel J. Palmisano
991:Standard Vacuum Oil
84: /
1397:Universe of Energy
1290:Hibernia oil field
1119:Nanticoke Refinery
986:Vacuum Oil Company
930:ExxonMobil Nigeria
668:The New York Times
184:(also referred as
1433:
1432:
1310:Pembina oil field
1089:Billings Refinery
1048:Walter V. Shipley
1028:James R. Houghton
1023:William W. George
1001:
1000:
940:SeaRiver Maritime
887:
886:
642:on April 20, 2017
354:Offshore Magazine
278:imposed sanctions
178:
177:
174: cu ft)
1468:
1423:
1422:
1413:
1412:
1366:Esso Motor Hotel
1345:West Qurna Field
1245:Atlantic Empress
1084:Baytown Refinery
1053:Walter C. Teagle
961:Creole Petroleum
905:
895:
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808:
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638:. Archived from
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602:. Archived from
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276:in 2014, the US
190:South Kara basin
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142:
141:
99:
98:
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89:
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59:Offshore/onshore
31:
19:
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1104:Fawley Refinery
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567:Upstream Online
558:
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450:Upstream Online
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202:Yamal Peninsula
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1018:Larry Faulkner
1015:
1013:Michael Boskin
1009:
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920:Exxon Neftegas
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370:
337:
335:
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286:
283:
274:annexed Crimea
267:Vladimir Putin
253:
250:
217:
214:
198:South Kara Sea
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1381:Power Players
1379:
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1335:Tern oilfield
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1253:Esso Brussels
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1144:Controversies
1142:
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1125:
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1120:
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1110:
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1094:Milford Haven
1092:
1090:
1087:
1085:
1082:
1080:
1077:
1076:
1074:
1070:
1064:
1061:
1059:
1058:Rex Tillerson
1056:
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802:
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786:
779:
778:Energy portal
773:
768:
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764:Russia portal
754:
738:
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707:
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670:
669:
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636:
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625:
623:
621:
617:
606:on 2012-11-02
605:
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569:
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562:
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552:
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495:on 2012-10-30
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272:After Russia
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206:Novaya Zemlya
203:
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25:
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1354:Other topics
1340:Tuapse field
1330:Tengiz Field
1274:
1252:
1244:
1231:Exxon Valdez
1230:
1196:
1184:
1167:
1160:
1063:Darren Woods
935:Imperial Oil
901:Subsidiaries
741:. Retrieved
731:
719:. Retrieved
709:
697:. Retrieved
672:. Retrieved
666:
656:
644:. Retrieved
640:the original
633:
608:. Retrieved
604:the original
593:
583:
572:. Retrieved
565:
554:
546:
537:
526:. Retrieved
520:
508:
497:. Retrieved
490:the original
455:. Retrieved
448:
423:. Retrieved
416:
405:
394:. Retrieved
392:. 2011-01-14
387:
362:. Retrieved
360:. 2011-01-17
353:
327:
317:
307:
297:
288:
271:
261:offshore of
255:
231:
219:
200:between the
185:
181:
179:
171:
164: m (360
161:
143:
1390:Sponsorship
1305:Ormen Lange
1038:Lee Raymond
915:Aera Energy
743:2 September
674:2 September
646:2 September
91: /
67:Coordinates
1440:Categories
1325:Sakhalin-I
1208:Oil spills
1114:Mossmorran
1072:Facilities
966:Humble Oil
945:XTO Energy
858:On the Run
815:ExxonMobil
610:2011-08-31
574:2011-08-31
528:2011-05-22
499:2011-01-30
457:2011-01-30
425:2011-01-30
396:2011-01-30
364:2011-01-30
334:References
128:Production
122:ExxonMobil
1233:oil spill
863:Speedpass
600:Bloomberg
196:, in the
88:74°N 67°E
1415:Category
721:21 April
699:19 April
389:BBC News
285:Reserves
146: t)
114:Partners
104:Operator
62:offshore
53:Kara Sea
49:Location
1425:Commons
908:Current
851:Mobil 1
829:Current
635:Reuters
486:Rosneft
222:Rosneft
216:History
192:of the
118:Rosneft
108:Rosneft
39:Country
1006:People
976:Petron
954:Former
872:Former
822:Brands
263:Tuapse
246:Renova
242:Access
234:TNK-BP
154:10,200
93:74; 67
43:Russia
1136:(28%)
846:Mobil
841:Exxon
493:(PDF)
482:(PDF)
290:(5.69
259:field
879:Enco
836:Esso
745:2011
723:2017
701:2017
676:2011
648:2011
238:Alfa
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