Russia’s Rosneft Chief Informs Putin on Difficult Reserves Agreement with ExxonMobil

December 23, 2013

Russia’s oil company Rosneft has signed an additional agreement with ExxonMobil on the implementation of pilot projects for the recovery of hard-to-recover reserves, the company CEO Igor Sechin reported to RF President Vladimir Putin on December 20, Itar-Tass has reported.

“Our relations with the partners are very reasonable, we have recently signed an additional agreement with Exxon on the implementation of a pilot project of hard-to-recover deposits,” Sechin said. “We develop similar projects with Statoil.” The Rosneft head explained that that the projects dealt with enhanced oil recovery in the Stavropol region.

Sechin said that in total, Rosneft was engaged in 35 international projects, including in the North American markets, in South America, in the Gulf of Mexico, Vietnam and so on.

Copyright: Itar-Tass, 2013