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Rosneft, Exxon probe shallow arctic waters

Published By United Press International
MOSCOW, Sept. 6 (UPI) -- Russian energy company Rosneft and Exxon Mobil announced plans for a feasibility study for a platform capable of exploring shallow arctic waters.

The companies said they picked Russia's Vostochny Offshore Structures Construction Yard to examine the platform designated for the shallow waters of the Kara Sea near the Yamal Peninsula.

The concept for the platform will be evaluated for a 48,600-square-mile area in water depths of 65-650 feet.

Rosneft Chief Executive Officer Igor Sechin said the concept reflects a growing partnership with Exxon Mobil.

Exxon Mobil and Rosneft in August signed a sweeping deal that included development in parts of the Black Sea and the South Kara Sea in the Russian arctic. There may be as much as 85 billion barrels of oil in the Kara Sea.

The company described safety and environmental protection as key attributes to any exploration work in the Russian arctic.
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Tour de France concludes in Paris
Race winner Bradley Wiggins of Great Britain (C) stands between second place finisher Christopher Froome of Great Britain (L) and third place finisher Vincenzo Nibali of Italy on the presentation podium following the final stage of the Tour de France in Paris on July 22, 2012. Wiggins of Great Britain became that country's first ever overall winner of the Tour de France. UPI/David Silpa