Exxon Mobil Corp. (XOM) and OAO Rosneft (ROSN.RS) will add more licenses to their joint venture to develop hydrocarbon resources on Russia's Arctic shelf, a person familiar with the agreement said.
Exxon Mobil Corp. (XOM) and OAO Rosneft (ROSN.RS) will add more licenses to their joint venture to develop hydrocarbon resources on
Russia
's Arctic shelf, a person familiar with the agreement said.
Some of the 12 Arctic licenses that Rosneft received Wednesday will be
developed jointly with Exxon, the person said.
Rosneft Chief Executive Igor Sechin said earlier Wednesday that the company
would sign an agreement to develop the new licenses.
Rosneft and Exxon Mobil declined to comment when contacted by Dow Jones
Newswires.
As well as Exxon, Rosneft has partnership deals with
Italy
's Eni
SpA and
Norway
's
Statoil ASA to develop offshore resources.
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