ExxonMobil: Looking for New Assignment for West Alpha, NADL, Rig?
Sanctions are forcing Exxon Mobil Corp.to look for alternative assignments for an offshore rig supposed to sail back to the Russian Arctic next summer. West Alpha, the rig owned by billionaire John Fredriksen’s North Atlantic Drilling Ltd. (NADL) that made a billion-barrel oil discovery for Exxon and OAO Rosneft in …
Rosneft and ExxonMobil Pause Kara Sea Drilling Due to Sanctions
Exxon and Rosneft oil companies have stopped oil development on the Arctic shelf, Bloomberg reported. Representatives of the Rosneft company have made no comment on Bloomberg’s report. According to Bloomberg, oil development was stopped in connection with the sanctions that the EU has imposed on Rosneft and other Russian companies, …
Rosneft and ExxonMobil’s Karmorneftegaz Start Drilling With West Alpha in the Kara Sea
Rosneft and ExxonMobil joint venture company Karmorneftegaz began drilling of Universitetskaya-1, the Russian Federation’s northernmost well using the Karmorneftegaz rig. The start of the drilling was launched by Russian President Vladimir Putin during a teleconference with head of Rosneft Igor Sechin and head of ExxonMobil Russia Glenn Waller who were both …
NADL – North Atlantic Drilling Secure Commitment for Six Offshore Units from Rosneft
North Atlantic Drilling is pleased to announce that 6 binding offshore contracts have been executed with Rosneft Oil Company. The total revenue potential for the six contracts exclusive of mobilization is approximately US$4.25 billion. According to the agreement, any break rights expire after 100 days. The executed contracts include 5 …