Expansion pact

F.ExxonMobil and Rosneft signed an addendum to their 2011 strategic cooperation agreement extending ExxonMobil’s access to seven new exploration blocks in the Chukchi, Laptev, and Kara Seas, an area of about 600,000 sq km. Rosneft gained the option to pick up 25% of the Point Thomson Unit on Alaska’s North Slope. ExxonMobil and Rosneft plan to conduct a joint study on LNG development in the Russian Far East.

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