Russian-British joint oil venture TNK-BP has
confirmed its intention to join state-controlled oil major Rosneft in
developing hydrocarbon deposits in Russia’s Arctic, Rosneft head
Eduard Khudainatov said on Saturday.
The move follows a similar decision by Russia’s
largest private-owned company LUKoil.
The LUKoil head said the company was ready to work
with all leading world oil companies with experience, qualification
and technologies on the Arctic shelf.
Rosneft had previously made an offer on the joint
development of 12 fields on the Arctic shelf to domestic oil
companies LUKoil, Bashneft, Surgutneftegas and TNK-BP.
Under existing rules, only companies with over 50
percent state ownership and no less than five years experience
working in marine exploration are allowed to develop the Russian
continental shelf. Only Rosneft and gas giant Gazprom currently meet
these requirements, which has prevented the other companies taking on
shelf projects without their participation.
Aitor
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