ExxonMobil budgets $3.2B for initial Russian drilling activity

06/24/2013 | FuelFix.com

ExxonMobil will spend about $3.2 billion on initial exploration activities in Russia's Arctic region and Black Sea as part of Exxon's joint Arctic development venture with Rosneft. "[A] significant amount of 2D and 3D seismic will be conducted over the next 10 years," the companies said.

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