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Rosneft and ExxonMobil signed an agreement to extend the existing Strategic Agreement on implementation of the Far East LNG project.

OAO NK Rosneft started airborne and gravimetric survey field operations in the Central Arctic Region and the North Kara Sea License Area. Rosneft’s joint venture partner for exploration of the North Kara Sea License Areas is ExxonMobil.

The Kara-Winter-2014 Expedition organized by the Arctic Research and Design Center (a joint venture of Rosneft and ExxonMobil) with expert support from the Arctic and Antarctic Research Institute Federal State Budget Institution left the Port of Murmansk on board the Yamal Ice-Breaker.

Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure.

Igor Sechin, Rosneft President and Chairman of the Management Board, today held a working meeting with Rex Tillerson, Chairman and Chief Executive Officer of Exxon Mobil Corporation.

Rosneft summed up the results of its offshore operations last year.

Rosneft and ExxonMobil today signed documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation.

Rosneft and ExxonMobil continue to progress the LNG project proposed in the Russian Far East. The contractor selection process for design and engineering work has officially commenced.