Rosneft’s Board of Directors has approved a deal with company subsidiary SakhalinNIPImorneft, according to which three blocks in the Kara Sea and one block in the Barents Sea will be mapped, Oilru.com reports.
The three blocks in the Kara Sea are all part of the deal signed last week between Rosneft and ExxonMobil. The East Prinovozemelsky License Blocks cover an area of 126,000 square kilometers and are considered among the most promising in the region.
As BarentsObserver reported, ExxonMobil, the world’s largest public company in market capitalization, snapped the deal ahead of several contenders, among which was Norwegian oil major Statoil. Also Total and Chevron wanted the lucrative areas. Chevron is reportedly still negotiating with Rosneft over other assets in the Arctic, Newsru.com writes.
Read also: Rosneft picks ExxonMobil in Arctic deal
In the Barents Sea, it is the Yuzhno Russkoye field which is to be mapped. The field is located in the south eastern part of the area, near other structures in the Pechora Sea.
