Page 12: of Offshore Engineer Magazine (Jun/Jul 2013)

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Opinion

ThoughtStream

Igor Sechin, Rosneft President

Bridge to success is built on partnerships

Rosneft is the largest subsoil license- Our offshore investment decisions on the drilling results, we should be holder in the Russian offshore. Total will make a provision for anchor able to open a new Arctic offshore oil estimated recoverable resources orders from other industries. Russia and gas province by the end of 2014. under these licenses exceed 275 bil- invites the leading suppliers of equip- The estimated resource base of this lion boe. The exploration program ment and oil services providers to block alone is more than 35 billion boe includes drilling 96 wells. I hope that participate in the development of the and the total resources for the Kara Sea the representatives of Halliburton, Arctic shelf. It is expected that during are above 100 billion boe.

Schlumberger, Saipem, Weatherford the frst stage of the offshore develop- Rosneft has been, and remains, a reli- and other service companies hear my ment alone, investments will exceed able partner for international oil and message. $500 billion–this effect is noticeable gas companies in Russia and abroad.

In order to develop such large- even on the global scale. Over the last year, we have made a scale projects, Rosneft has engaged breakthrough in establishing strate- “We continue to establish

ExxonMobil, Eni, and Statoil as its gic partnerships with ExxonMobil, strategic partners. Their investments Statoil, ENI, and BP. I would like to new partnerships and in geological exploration during the take this opportunity to thank the lead- expand the existing frst stage will amount to at least $14 ers of these companies for their keen ones – for example, billion. We continue to establish new approach based on mutual trust.

Rosneft and ExxonMobil partnerships and expand the exist- We are interested in establishing ing ones – for example, Rosneft and long-term partnerships with lead- have recently extended

ExxonMobil have recently extended ing service and research companies. their partnership in the their partnership in the Arctic with I believe that only through the joint

Arctic with seven seven additional licenses. efforts of companies and national gov- additional licenses.”

As part of this strategic cooperation, ernments to harmonize the regulatory

Rosneft and its partners assumed obli- and tax environment can we ensure gations for Russian content of the con- On our website, www.rosneft.ru, you the sustainable development of global siderable equipment investments. We can fnd the initial list of equipment, energy markets. started engineering and construction of which is required for the exploration a drilling platform for Arctic offshore stage in the Russian offshore. Igor Sechin has served exploration at Russian shipyards using Last year marked the beginning of as president of Rosneft advanced international technologies. large-scale operations on the Russian and chairman of its

Technologies, experience, and Arctic shelf. Rosneft successfully management board experts are being exchanged. I am performed an exploration program since May 2012. He glad to announce that during IHS at our felds in the Kara Sea. As a previously served as chairman of the

CERAWeek [March 4-8] we signed a result of that, and together with our board of directors from 2004-2011.

deal with ExxonMobil to acquire a partner ExxonMobil, we selected the 30% stake in the Loki block in the Universitetskaya structure to drill central Gulf of Mexico. in the Kara Sea, where spudding is