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March 6, 2013

Rosneft Subsidiary Acquires Interest in ExxonMobil Gulf of Mexico Exploration Blocks

  • Neftegaz America Shelf LP (Neftegaz) joins ExxonMobil to explore deepwater Gulf of Mexico
  • Neftegaz acquires 30 percent interest in 20 Gulf of Mexico blocks held by ExxonMobil
  • ExxonMobil remains the operator

HOUSTON, March 6, 2013 - Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies.

The 20 blocks have a total area of approximately 111,600 acres (450 square kilometers) in water depths ranging between 2,100 and 6,800 feet (640 and 2,070 meters). Seventeen are located in the Western Gulf of Mexico and three are in the Central Gulf of Mexico.

ExxonMobil retains 70 percent interest in the blocks and remains operator. Analysis of seismic data is under way. There is currently no production on the blocks.

Rosneft and ExxonMobil continue to implement the Strategic Cooperation Agreement signed in 2011, under which the companies and their subsidiaries plan to undertake joint exploration and development of hydrocarbon resources in Russia and other countries and to share technology and expertise.

Under subsequent agreements between Neftegaz and ExxonMobil, Rosneft subsidiary gained the option to acquire interest in 20 blocks of its choosing from among ExxonMobil’s Gulf of Mexico exploration portfolio. The latest agreement represents the exercise of that option.

The agreement was signed by Igor I. Sechin, president of Rosneft, and Stephen M. Greenlee, president of ExxonMobil Exploration Company.

“ExxonMobil has a long history of safe oil and gas exploration in the Gulf of Mexico using state-of-the-art safety and environmental protection systems,” said Greenlee. “We look forward to working with Rosneft and its subsidiaries to explore these blocks using our leading-edge exploration and development technology and deepwater execution expertise.”

Sechin said, “This agreement provides Rosneft and its subsidiaries with access to one of the world’s most prolific basins. We believe joint efforts of our companies will ensure the most efficient development of these blocks, with application of the latest technologies and adhering to high environmental standards. Moreover, experience and knowledge acquired in the process may potentially be used when developing deepwater blocks in Russia, including in the Tuapse Trough in the Black Sea as envisaged under the Strategic Cooperation Agreement.”

ExxonMobil and Rosneft continue to implement a program of staff exchanges for technical and management employees to help strengthen the working relationships between the companies and provide valuable career development opportunities for employees of both companies.

The 20 blocks are:
Western Gulf of Mexico – Alaminos Canyon 569, 612, 613, 655, 656, 657, 698, 699, 700 and 701; East Breaks 429, 471, 472, 473 and 515; Keathley Canyon 529 and 573.
Central Gulf of Mexico – Walker Ridge 629, 673 and 717.

Gulf of Mexico Exploration Blocks Factsheet

Rosneft
Information Division,
March 6, 2013


These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.


 

February 13, 2013

Rosneft and ExxonMobil Expand Strategic Cooperation

  • Companies to add seven Arctic license areas covering approximately 600,000 square kilometers (150 million acres) in the Chukchi, Laptev and Kara seas
  • Rosneft is provided with an option to acquire a 25 percent interest in Point Thomson natural gas and condensate project in Alaska operated by ExxonMobil
  • Companies to jointly study potential for LNG project in Russian Far East.

Moscow, Russia – February 13, 2013. Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include approximately additional 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic, and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also agreed to conduct a joint study on a potential LNG project in the Russian Far East.

The agreements, which include plans to explore seven new blocks in the Chukchi Sea, Laptev Sea and Kara Sea, were signed by Igor Sechin, president of Rosneft and Stephen Greenlee, president of ExxonMobil Exploration Company, in the presence of Russian President Vladimir Putin.

The license blocks include Severo-Vrangelevsky-1, Severo-Vrangelevsky-2 and Yuzhno-Chukotsky blocks in Chukchi Sea, Ust’ Oleneksky, Ust’ Lensky and Anisinsko-Novosibirsky blocks in Laptev Sea and Severo-Karsky block in Kara Sea, which are among the most promising and least explored offshore areas globally.

A separate Heads of Agreement was signed providing Rosneft (or its affiliate) with an opportunity to acquire a 25 percent interest in the Point Thomson Unit which covers the project of developing a remote natural gas and condensate field on Alaska’s North Slope. It is estimated that Point Thomson contains approximately 25 percent of the known gas resource base in Alaska’s North Slope.

Rosneft and ExxonMobil also executed a Memorandum of Understanding to jointly study the economic viability of an LNG development in the Russian Far East, including the possible construction of an LNG facility. The companies will form a joint working group which is expected to commence work in the coming weeks to study the viability of an LNG project using available natural gas resources.

Commenting on the agreements signed, Igor Sechin said, “The agreements signed today bring the already unprecedented scale of Rosneft and ExxonMobil partnership to a completely new level. The acreage in the Russian Arctic subject to geological exploration and subsequent development increased nearly six-fold. That means the enormous resource potential of Russian Arctic offshore fields will be explored and developed in the most efficient manner with the application of cutting-edge technologies and expertise of our strategic partner, ExxonMobil, using state-of-the-art environmental protection systems. Participation in the Point Thomson project will increase Rosneft’s access to the latest gas and condensate field development technologies used in harsh climatic conditions”.

Greenlee said the agreement builds on the ongoing successful cooperation between the companies.
“This expansion is an illustration of the strength of the partnership that exists between ExxonMobil and Rosneft,” said Greenlee. “We look forward to working together on these new projects.”

The companies are committed to using global best practices and state-of-the-art safety and environmental protection systems for the Arctic operations. The work will be supported by the recently signed Declaration on the Russian Arctic Shelf Environmental protection. Also, ExxonMobil and Rosneft will work together through an Arctic Research Center to provide a full range of research and design services to support their cooperation on Arctic projects.

Rosneft and ExxonMobil continue to implement a program of staff exchanges of technical and management employees to help strengthen relationships between the companies.

License areas factsheet

Rosneft Information Division
Tel.: +7 (499) 517 88 97
Fax: +7 (495) 411 54 21
www.rosneft.com
February 13, 2013

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.


 

December 7, 2012

Rosneft and ExxonMobil Sign Declaration on Russian Arctic Shelf Environmental Protection

IRVING, TEXAS - Rosneft and ExxonMobil today signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf1.

The declaration was signed during a meeting between Igor Sechin, Rosneft president and chairman of the management board, and Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, and senior managers from both organizations.

The declaration sets out measures to help protect the Arctic’s ecosystems during oil and gas exploration and development activities to be undertaken by Rosneft and its partners.

Commenting on the signing, Igor Sechin said, “Rosneft and ExxonMobil have worked together effectively for quite a long time. I am grateful to Rex Tillerson for the decision to join the initiative”.

Rex Tillerson said,“We seek to manage the impact on the environment wherever we operate through continuous improvements in technology and operational procedures. We support Rosneft’s initiative and will work with them and other industry representatives to protect the environment in the Russian Arctic.”

The parties have agreed to form a joint working group to consider establishing a Coordination Center that may include participation of representatives of Roskosmos, the Ministry of Transport of the Russian Federation and the Ministry of the Russian Federation for Civil Defense, Emergencies and Elimination of Consequences of Natural Disasters. The Coordination Center would coordinate activities to protect biodiversity including observing principles and recommendations of the Convention on Biological Diversity and the standards set by IPIECA, the global oil and gas industry association for environmental and social issues.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
www.rosneft.com
December 6, 2012


 1On November 23, 2012 Declaration on Russian Arctic Shelf Environmental Protection was signed between Rosneft and Statoil.
 

 These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

December 7, 2012

Rosneft and ExxonMobil Sign Agreement For Western Siberia Tight Oil Pilot Project

IRVING, TEXAS – Rosneft and ExxonMobil today signed a Pilot Development Agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia.

The agreement was signed by Igor Sechin, president and chairman of the management board at Rosneft, and Stephen Greenlee, president of ExxonMobil Exploration Company. Rex Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, was present for the signing, as well as the senior management of both companies.

The document is another next step towards implementation of the long-term strategic cooperation agreement the companies signed in August 2011.

The companies will set up a joint venture to run a pilot program and potential commercial production with equity interests of 51 percent for Rosneft and 49 percent for ExxonMobil. Work will be carried out at Rosneft’s 23 license blocks covering a total area more than 10,000 square kilometres.

Rosneft and its production subsidiaries will provide staff and access to existing infrastructure.

ExxonMobil will provide financing of up to $300 million for the pilot program, as well as state-of-the-art technologies and specialists in geology, development and well engineering and completion. ExxonMobil will also provide production management services for drilling complex horizontal wells so as to evaluate and commercially develop these tight oil reserves.

The pilot program will encompass broad-reaching work across a number of areas, including drilling new horizontal and vertical wells using the latest fracturing technologies, deepening existing wells and re-development of idle wells. The companies also plan to run an advanced core survey programme that will include geomechanical surveys. Drilling will begin in 2013.

Upon completion of the pilot program, Rosneft and ExxonMobil will jointly select blocks for commercial development in 2015. The two companies will draw on their technical and production experience to ensure commercially viable development and potential production growth in Russia’s West Siberian basin.

“Maximising production efficiency at every field and exploring new technologies to exploit the potential of tight reservoirs is a strategic priority for Rosneft,” said Sechin. “I am certain that our experience and infrastructure in Western Siberia, coupled with the state-of-the-art technologies of our partner ExxonMobil, will allow us to begin developing large tight oil reserves.”

Tillerson said ExxonMobil would use experience gained in North America resource development.

“The strategic combination of Rosneft’s operational experience in the area and ExxonMobil’s advanced technology gains from tight oil experience in North America and elsewhere provides a strong capability to fully evaluate and potentially develop this large tight oil resource,” said Tillerson.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
www.rosneft.com
December 6, 2012


These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

September 6, 2012

Rosneft and ExxonMobil Announce Selection of Vostochniy Offshore Structures Construction Yard for Concept Evaluation and Feasibility Study of Shallow Water Arctic Drilling Platform

  • Safety and environmental protection top priorities for platform evaluation
  • Platform intended to extend Arctic drilling season

Rosneft and ExxonMobil today announced the selection of Vostochniy Offshore Structures Construction Yard to conduct a concept evaluation and feasibility study for a platform capable of safely exploring Kara Sea’s shallow waters.

Key attributes of the platform concept are safety and environmental protection measures for operating in Arctic conditions and the ability to withstand extreme ice, wind, wave and temperature conditions.

The study will evaluate the feasibility of utilizing a gravity base structure that could extend the drilling season by several months. Designed to operate in up to 60 meters (200 feet) of water, the structure with drilling equipment would be installed on the seabed to drill a well and then would be refloated and moved to other drilling sites.

The agreement for the study was signed today by Igor Sechin, Rosneft President and Chairman of the Management Board; Stephen M. Greenlee, president of ExxonMobil Exploration Company; and Alexey Kozhemyakov, CEO of Vostochniy Offshore Structures Construction Yard in the presence of Russian President Vladimir Putin and Rex W. Tillerson, chairman and chief executive officer of ExxonMobil Corporation.

Vostochniy Offshore Structures Construction Yard also known as VOSTCO Yard has extensive experience in offshore projects. The yard has the production capacity to construct foundations, including Russia's largest dry dock, and can be engaged to build concrete foundations or other similar class construction projects. Kvaerner, a design bureau with experience of this kind of work, will provide design services for the project in collaboration with VOSTCO Yard.

Commenting on the concept, Igor Sechin noted: "I am glad to say another step has been made in practical implementation of the strategic agreement with ExxonMobil. It is important that concept evaluation and further construction of the platform will be carried out by Russian companies that will further enhance their competence in a sector that is central to the Russian economy. Appraisal of the concept for a platform to be used in our joint project with ExxonMobil in the Kara Sea will incorporate the most stringent environmental and industrial safety standards."

Rex Tillerson said, “ExxonMobil has been operating in the Arctic for more than 80 years and supports the continued development of state-of-the-art systems to protect the safety of workers and the Arctic environment.”

The platform concept will be evaluated for use in the shallow waters of East Prinovozemelsky License Blocks 1, 2 and 3. The blocks contain a total area of 126,000 square kilometers (48,600 square miles) in waters 20 meters (65 feet) to 200 meters (650 feet) deep. Semi-submersible rigs would be used in water deeper than 60 meters (200 feet).

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
September 6, 2012


These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

April 16, 2012

Rosneft and ExxonMobil Announce Progress in Strategic Cooperation Agreement

  • Joint ventures being created to explore in Russian Black Sea and Kara Sea; initial planning and exploration steps taken at the license areas in those waters;
  • Rosneft subsidiaries take equity in promising exploration and development projects in the United States and Canada
  • Russian government’s new tax approach strengthens incentives for offshore operations

MOSCOW, Russia -- Rosneft and ExxonMobil today signed agreements to implement a long-term Strategic Cooperation Agreement concluded in August 2011 to jointly explore for and develop oil and natural gas in Russia and to share technology and expertise.

The agreements were signed by Rosneft President Eduard Khudaynatov, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, Stephen M. Greenlee, president of ExxonMobil Exploration Company and Neil W. Duffin, president of ExxonMobil Development Company, in the presence of Russian Prime Minister Vladimir Putin and Deputy Prime Minister Igor Sechin.

The agreements signed today form joint ventures to manage an exploration program in the Kara Sea and Black Sea. They also set the terms for investments to be made by the partners in Russian offshore projects. The initial cost of preliminary exploration is estimated at over US $3.2 billion.

Neftegaz Holding America Limited, an independent indirect subsidiary of Rosneft registered in Delaware, concluded separate agreements on the acquisition of a 30 percent equity in ExxonMobil’s share in the La Escalera Ranch project in the Delaware Basin in West Texas in the United States.

Neftegaz Holding America Limited will also be given the right to acquire a 30 percent interest in 20 blocks held by ExxonMobil in the U.S. Gulf of Mexico, one of the most oil and gas rich basins in the world. The ExxonMobil blocks are located in prospective areas of the Western part of the Gulf.

In addition, RN Cardium Oil Inc., an independent Rosneft subsidiary, acquired 30 percent of ExxonMobil’s stake in the Harmattan acreage in the Cardium formation of the Western Canada Basin in Alberta, Canada. The Cardium formation is an active unconventional oil play in which ExxonMobil has a significant acreage position. The execution of that project may become a source for the development of technologies for unconventional reservoirs in Russia.

Commenting on the agreements, Eduard Khudaynatov said: “Today Rosneft and ExxonMobil enter offshore projects of unprecedented scale in the Russian Arctic and Black Sea regions, which are home to the world’s largest hydrocarbon resources base. In so doing we lay the foundation for long-term growth of the Russian oil and gas industry. I am certain that 15 years of Rosneft and ExxonMobil partnership, as well as the use of the latest environmentally safe technologies and unique experience will allow Rosneft to become one of the global leaders in the oil and gas industry.”

Rex Tillerson said the agreements are a critical step forward in strategic cooperation.

“These agreements are important milestones in this strategic relationship,” said Tillerson. “Our focus now will move to technical planning and execution of safe and environmentally responsible exploration activities with the goal of developing significant new energy supplies to meet growing global demand.”

Eduard Khudaynatov and Rex Tillerson said they were encouraged to proceed with these projects by the Russian government’s efforts to reform taxation of the high-potential oil industry sectors and improve investment conditions for foreign and Russian oil companies.

As part of implementation of the Strategic Cooperation Agreement, exploration activity began in the Tuapse license Block in the Black Sea in Russia in September 2011. The seismic program is now 70 percent complete. Interpretation of data collected will be carried out following program completion, which is scheduled for the second quarter of 2012. Drilling of the first exploration well is planned for 2014-2015.

In the Kara Sea, plans are under way to undertake seismic and environmental programs of East Prinovozemelsky blocks later this year in anticipation of a potential exploration well in 2014.

Rosneft and ExxonMobil have also signed an agreement to jointly develop tight oil production technologies in Western Siberia. This will enable the companies to later discuss undertaking joint projects to explore and develop prospective areas with unconventional oil potential in Russia.

A program of technical and management staff exchanges has been agreed to by the companies and their affiliates including positions in geology, geoscience, field development, well drilling, finance, logistics, safety, health and the environment. The knowledge and experience exchange will not only strengthen relationships between the two companies and their affiliates but also provide career development opportunities.

The Arctic Research and Design Center for Offshore Developments will provide a full range of research and design services to support the development of offshore fields. The main roles of the center include supporting all stages of oil and gas field development on the Arctic shelf and helping ensure projects are environmentally safe, including through the provision of technical support in environmental monitoring. The center will also support offshore safety. A special Offshore Accident and Emergency Warning and Prevention Service will be created to help prevent and respond immediately to any emergencies or accidents.

Rosneft and ExxonMobil will provide an update on their Strategic Cooperation Agreement in a presentation to investment analysts on Wednesday, April 18, 2012 at 5:30 p.m. Moscow time (9:30 a.m. New York time, 2:30 p.m. London time). A webcast of the presentation will be available in English and Russian at rosneft.com
 

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21

ExxonMobil Media Relations
972-444-1109
April 16, 2012



CAUTIONARY NOTE:

Statements of future events and conditions in this release are forward-looking statements. Actual future results, including project plans, costs and benefits; resource recoveries; and the impact of technology could differ materially due to changes in oil or gas prices or other market conditions affecting the oil and gas industries; the outcome of exploration and development projects; unforeseen technical difficulties or technological changes; the outcome of commercial negotiations; changes in law or government regulation; and other factors discussed here and under the heading "Factors Affecting Future Results" in the Investors’ section of ExxonMobil’s web site at exxonmobil.com and on the Investors’ pages of ExxonMobil’s (www.exxonmobil.com) and Rosneft’s (www.rosneft.com) websites.


August 30, 2011

Rosneft and ExxonMobil to join forces in the Artic and Black Sea offshore, enhance co-operation through technology sharing and joint international projects

  • 3.2 billion exploration program planned for Kara Sea and Black Sea
  • Establishment of a joint Arctic Research and Design Center for Offshore Development (ARC) in St. Petersburg
  • Rosneft participation in ExxonMobil projects in the US and other countries with a focus on building offshore and tight oil expertise
  • Joint study of possibilities to develop Western Siberia tight oil resources
  • The companies form a strategic partnership to undertake agreed joint projects in Russia and internationally.

Sochi, Russia – August 30, 2011. Rosneft and ExxonMobil have executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, USA and other countries throughout the world, and to commence technology and expertise sharing activities.

The agreement, signed by Rosneft President Eduard Khudaynatov and ExxonMobil Development Company President Neil Duffin in the presence of Russian Prime Minister Vladimir Putin, includes approximately US $3.2 billion to be spent funding exploration and development of East Prinovozemelskiy Blocks 1, 2 and 3 in the Kara Sea and the Tuapse Trough License Block in the Black Sea, some of the most promising and least explored offshore areas globally.

In the course of these projects the companies will focus on the environment and creation of the most modern safety systems with consideration to the risks of offshore operations, and global best practices.

Additionally, the Agreement provides Rosneft with an opportunity to gain equity interest in a number of exploration and operating ExxonMobil assets in North America, including offshore fields in the Gulf of Mexico, tight oil fields in Texas (USA), Canada and projects in other countries. The companies have also agreed to conduct a joint study of developing tight oil resources in Western Siberia.

Moreover Rosneft and ExxonMobil will implement a program of personnel exchange for technical and management employees which will help strengthen the relationships between the companies and provide valuable career development opportunities for personnel of both companies.

The partners will create an Arctic Research and Design Center for Offshore Developments (ARC) in St. Petersburg which will be staffed by Rosneft and ExxonMobil employees. The center will use proprietary ExxonMobil and Rosneft technology, and will develop new technology to support the joint Arctic projects, including ice-class drilling and production ships and platforms, as well as other Rosneft projects.

“We have a clear vision of Rosneft’s strategic direction – building world-class expertise in offshore operations and enhancing oil recovery. The partnership between Rosneft with its unique resource base, and the largest and most highly capitalized company in the world reflects our commitment to increasing capitalization of our business through application of best-in-class technology, innovative approach to business management, and enhancement of our human resource potential.” said Rosneft President Eduard Khudaynatov, following the signing ceremony. "This venture comes as a result of many years of cooperation with ExxonMobil and brings Rosneft into large scale world-class projects, turning the Company into a global energy leader."

"Today's agreement with Rosneft builds on our 15-year successful relationship in the Sakhalin-1 project," said ExxonMobil Development Company President Neil Duffin. "Our technology, innovation and project execution capabilities will complement Rosneft’s strengths and experience, especially in the area of understanding the future of Russian shelf development.”

Rex Tillerson, Chairman and CEO of ExxonMobil Corporation, who attended the ceremony, said ExxonMobil will benefit Russian energy development by working closely with Rosneft. “This large-scale partnership represents a significant strategic step by both companies”, added Mr. Tillerson. “This agreement takes our relationship to a new level and will create substantial value for both companies. The agreement will be a basis for constructive dialog with the Government of the Russian Federation on establishment of a fiscal regime for offshore operation consistent with best global practices".

This transaction has been approved by Rosneft’s Board of Directors on August 30, 2011.

FOR REFERENCE:

The East Prinovozemelskiy License Blocks have a total area of 126,000 square kilometers (31 million acres) in water depths ranging between 40 and 350 meters (120 – 1,000 feet) (sea ice 270-300 days a year, high environmental sensitivity). Tuapse Trough License Block in the Black Sea has the total area of 11,200 square kilometers (2.8 million acres) and water depths ranging from 40 to 2,000 meters (120 – 6,000 feet). Rosneft equity interest in both joint ventures will be 66.7 per cent, while ExxonMobil will hold 33.3 per cent.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
ExxonMobil Information Division 972-444-1107
August 30, 2011

CAUTIONARY NOTE: -
Statements of future events and conditions in this release are forward-looking statements. The Strategic Cooperation Agreement represents a binding set of all material terms of such cooperation. Closing of the transactions contemplated by the agreement is subject to execution of a number of agreements governing the parties’ operations in respect of joint projects. Actual future results, including potential costs and benefits realized by the parties as a result of the agreement, could differ materially depending on the actions of governmental authorities and regulators, including changes in laws and regulations; the outcome of exploration programs; changes in prices and other market and economic factors affecting the oil and gas industries; future technological developments; other technical and operating factors; actions of competitors; and other factors discussed under the heading “Factors Affecting Future Results” on the Investors pages of ExxonMobil’s (www.exxonmobil.com) and Rosneft’s (www.rosneft.com) websites



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