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Rosneft gains exploration access to Exxon Mobil blocks in Gulf of Mexico

March 07, 2013, 0:51 UTC+3
The agreement was signed on March 5 by Igor Sechin and Stephen Greenlee
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HOUSTON, March 7 (Itar-Tass) - Neftegaz America Shelf, a daughter company of Russia's Rosneft, is acquiring a 30-percent interest in 20 deepwater exploration blocks of Exxon Mobil Corp in the Gulf of Mexico.

The agreement was signed on March 5 by Rosneft president Igor Sechin and Exxon Mobil Corp president Stephen Greenlee in Exxon Mobil's office in Houston, Texas.

Twenty blocks in a total area of some 450 square kilometer are located in a basin with depths from 640 to 2,070 meters. Of those, 17 are in the western part of the Gulf of Mexico, and three in the middle, Rosneft said in a statement released in Houston on Wednesday.

Exxon Mobil Co keeps 70-percent interest in these blocks and remains operator. An analysis of seismic data is underway. There is no production on the blocks at present.

 

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