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ExxonMobil, Rosneft Sign Agreement For Oil Pilot Project In Western Siberia

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BusinessWire
December 7, 2012

ExxonMobil (NYSE: XOM) and Rosneft 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 Co. Rex Tillerson, chairman and chief executive officer of ExxonMobil Corp., was present for the signing, as well as the senior management of both companies.

The document is another step towards implementation of ...


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