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<a href="http://www.accessmylibrary.com/article-1G1-89380674/rosneft-bp-secure-sakhalin.html" title="Facts and information about Rosneft-BP secure Sakhalin licences. (News).(British Petroleum Company PLC)(oil and gas exploration contracts)(Brief Article)">Rosneft-BP secure Sakhalin licences. (News).(British Petroleum Company PLC)(oil and gas exploration contracts)(Brief Article)</a>
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Rosneft-BP secure Sakhalin licences. (News).(British Petroleum Company PLC)(oil and gas exploration contracts)(Brief Article)
Rosneft has secured a five-year exploration licence for the Kaigansky and Vasyukansky blocks, which form part of the Sakhalin V contract area.
Exploration costs are estimated at $190mn, with the first $10mn to be invested this year. BP will finance the project until commercial discovery, under an agreement between the two firms signed last year (FSUE, 29 March, p5). Rosneft says it hopes the partners will be at an advantage if and when the …
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