BP and Rosneft Form Global and Arctic Strategic Alliance

BP and Rosneft, Russia’s leading oil producing company, have agreed a groundbreaking strategic global alliance. The two energy groups will explore and develop three license blocks – EPNZ 1,2,3 – on the Russian Arctic continental shelf. These licences were awarded to Rosneft in 2010 and cover approximately 125,000 square kilometres in a highly prospective area … Read more