Rosneft, Lukoil Agree To Joint Offshore-Exploration Deal

Rosneft, Lukoil Agree To Joint Offshore-Exploration Deal
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Παρ, 22 Απριλίου 2011 - 11:48
Russian state oil champion OAO Rosneft (ROSN.RS) and the country's biggest private oil producer, OAO Lukoil Holdings (LKOH.RS), on Thursday signed a long-term cooperation deal that includes offshore exploration in Russian Arctic waters.
Russian state oil champion OAO Rosneft (ROSN.RS) and the country's biggest private oil producer, OAO Lukoil Holdings (LKOH.RS), on Thursday signed a long-term cooperation deal that includes offshore exploration in Russian Arctic waters.

The two companies agreed to work together on "geological exploration in the license areas of Rosneft on
Russia 's shelf and development of fields already discovered," Lukoil and Rosneft said in a joint statement.

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