ExxonMobil, Rosneft to detail drilling joint venture this week

04/15/2012 | Bloomberg

ExxonMobil and Rosneft will outline their $3.2 billion Arctic joint drilling project to analysts on Wednesday. Under the deal, Exxon will give Rosneft investment rights in Texas shale fields and Gulf of Mexico deepwater projects in exchange for access to Russia's portions of the Arctic Ocean and Black Sea.

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