Report: Exxon, Rosneft to stop Kara Sea drilling on October 10

ExxonMobil and Rosneft are still drilling at the University-1 well in the Kara Sea, off the Russian northern coast, contrary to the reports that the operations have been halted due to the U.S. sanctions imposed against Russia.

As previously reported, all U.S. companies have until September 26 to halt operations related to the exportation of goods, services, or technology in support of exploration or production for Russian deepwater, Arctic offshore, or shale projects that have the potential to produce oil, to five Russian energy companies – Gazprom, Gazprom Neft, Lukoil, Surgutneftegas, and Rosneft – involved in these types of projects.

According to Reuters, which today cited Russian Deputy Energy Minister Kirill Molodtsov, the U.S. oil giant ExxonMobil and Russia’s Rosneft, will continue operations at the Kara Sea well past the originally imposed September 26 deadline.

The operations are now expected to cease on October 10, Molodtsov has said.

In a statement issued late Friday, ExxonMobil has confirmed it will stop its drilling operations in the Kara Sea to comply with the sanctions imposed against Russia by the U.S. Treasury Department for its involvement in the Ukraine crisis.

The well is being drilled using the West Alpha semi-submersible drilling rig, owned by North Atlantic Drilling.

 

 

Offshore Energy Today Staff, September 23, 2014

 

 

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply