BP and Russia's Rosneft sign Arctic Oil Deal
News
15 Jan 2011 - 18 Jan 2016
Editor's Award. BP has signed a joint venture with Russian energy firm Rosneft to exploit potentially huge deposits of oil and gas in Russia's Arctic shelf, the South Kara Sea. The agreement will see the firms exchange expertise in exploring the region. It is BP's first deal since the Deepwater Horizon spill in the Gulf of Mexico, USA last year, which cost it billions. Videoclip 2 min 33 sec with maps, interviews and graphics.
Related Topics: Arctic Ocean LME, Offshore Oil, Gas and Mining, Area 18: Arctic Sea, Russian Federation, Arctic Ocean
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