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Rosneft and ExxonMobil to develop Black Sea resources

January 27/2011

(ExxonMobil) -- Rosneft and ExxonMobil have entered into an agreement regarding joint development of oil and gas resources in the Black Sea, which includes an initial focus on oil exploration and production in the Tuapse Trough in the Russian Black Sea basin.


The agreement enables Rosneft and ExxonMobil to consider additional opportunities to expand Black Sea energy sector cooperation in areas such as additional exploration and production, crude oil sales to Rosnefts Tuapsinsky refinery and other Black Sea markets, development of regional transportation infrastructure, and deepwater offshore technology research and development.


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