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Russia's Gazprom ready to help oil giant Rosneft with Arctic drilling — media

October 07, 2014, 12:52 UTC+3 MOSCOW
In August, Rosneft and US ExxonMobil started drilling in the Kara Sea but in September, ExxonMobil suspended nine out of 10 projects with Rosneft due to US sanctions
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© ITAR-TASS/Sergei Savostianov

MOSCOW, October 7. /TASS/. Russian gas giant Gazprom is ready to help the state-owned oil major Rosneft with drilling works in the Kara Sea in 2015, Bloomberg reported Tuesday quoting Gazprom Deputy CEO Alexander Medvedev as saying.

In September, Deputy Energy Minister Kirill Molodtsov said Russia has platforms for Arctic shelf drilling, including the Arkticheskaya platform operated by Gazflot, Gazprom’s unit for offshore projects.

In August, Rosneft and US ExxonMobil started drilling the Universitetskaya-1 well in the Kara Sea, but in September, ExxonMobil suspended nine out of 10 projects with Rosneft, including the Universitetskaya-1 well, due to US sanctions.

Rosneft said that drilling will be stopped by October 10 due to environment danger concerns.

According to media reports, the Kara Sea deposits may contain up to 100 billion barrels of oil.

The United States imposed new sanctions against Russia on September 12. These targeted five major Russian energy companies — Gazprom, Gazpromneft, Lukoil, Surgutneftegaz and Rosneft.

Infographics Economical sanctions against Russia Economical sanctions against Russia
The USA, EU, Canada and Australia have introduced sanctions against Russia over its involvement in the Ukrainian crisis. Infographics by ITAR-TASS

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