Hit by sanctions and low oil prices, the Russian oil major still continues its bid to explore Arctic waters. In an announcement, the company now offers bidders a contract on seismic mapping of the Severo-Karskoye license area, a structure located in the northeastern part of the Kara Sea.
The contract will be worth 764 million rubles and cover 2D mapping in the period 20th July 2015 to 25 February 2016, Oilru.com reports with reference to RIA Novosti.
In 2014, Rosneft together with ExxonMobil completed a unique drilling operation at the University-1 structure. The drilling revealed 130 million tons of oil resources and the well was subsequently named “Pobeda” (Victory).