Tuapse field
Encyclopedia
The Tuapse field is a large offshore oil field located in the Black Sea
, roughly 4300 mi2 in size and between 1000 and 2000 m (3,280.8 and 6,561.7 ) underwater, containing between 2.2 Goilbbl of oil.
was awarded a license to explore the field, allowing the company to carry out surveys and small-scale exploratory drilling.
In February 2011, Rosneft and ExxonMobil
reached a preliminary agreement to develop the field; the agreement was officially announced on 30 August 2011 as part of a US$3.2 billion joint venture between the two companies that also included the development of the East-Prinovozemelsky field
in the Arctic Kara Sea
. Under the terms of the contract, Rosneft will own two-thirds of the joint venture, with Exxon controlling the remainder.
Black Sea
The Black Sea is bounded by Europe, Anatolia and the Caucasus and is ultimately connected to the Atlantic Ocean via the Mediterranean and the Aegean seas and various straits. The Bosphorus strait connects it to the Sea of Marmara, and the strait of the Dardanelles connects that sea to the Aegean...
, roughly 4300 mi2 in size and between 1000 and 2000 m (3,280.8 and 6,561.7 ) underwater, containing between 2.2 Goilbbl of oil.
History
In August 2003, RosneftRosneft
Rosneft is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow’s Balchug district near the Kremlin, across the Moskva river...
was awarded a license to explore the field, allowing the company to carry out surveys and small-scale exploratory drilling.
In February 2011, Rosneft and ExxonMobil
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
reached a preliminary agreement to develop the field; the agreement was officially announced on 30 August 2011 as part of a US$3.2 billion joint venture between the two companies that also included the development of the East-Prinovozemelsky field
East-Prinovozemelsky field
The East-Prinovozemelsky field is a gigantic undeveloped Arctic oil and gas field located on the continental shelf of Russia in the South Kara Sea between the Yamal Peninsula and Novaya Zemlya island.-History:The field is divided into three license blocks: EPNZ-1, EPNZ2, and...
in the Arctic Kara Sea
Kara Sea
The Kara Sea is part of the Arctic Ocean north of Siberia. It is separated from the Barents Sea to the west by the Kara Strait and Novaya Zemlya, and the Laptev Sea to the east by the Severnaya Zemlya....
. Under the terms of the contract, Rosneft will own two-thirds of the joint venture, with Exxon controlling the remainder.