Rosneft and ExxonMobil have cancelled the contract with the Norwegian Siem Offshore due to the sanctions

Rosneft and ExxonMobil have cancelled the contract with Siem Offshore due to the sanctions, Bloomberg reports. The ships should have been used for the Arctic shelf exploration in the Kara Sea. The contract should have acted in 2015. It was closed for 2 service ships and for an oil platform supply ship. A fine is charged for cancelling of the contracts, and the volume is not made public.

They reported on September 19th that Rosneft and ExxonMobil stopped drilling at the shelf due to the US sanctions against Russia. The object was the Universitetskaya platform, and they have invested $700 million to its development.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer