Note for editors:
Rosneft and Exxon Neftegas Ltd. (ExxonMobil subsidiary) are “Sakhalin-1” project partners. Within the project the fields Chayvo, Odoptu and Arkutun-Dagi are being developed.
RN Cardium Oil (Rosneft subsidiary) holds a stake in Canada Energy project, developed by Imperial Oil (a subsidiary of ExxonMobil), which is developing tight-oil reserves in the province of Alberta, Canada.
In 2011, Rosneft and ExxonMobil executed a Strategic Cooperation Agreement under which the companies agreed to review potential joint exploration and development of hydrocarbon resources in Russia, the United States and other countries throughout the world.
Mozambique’s oil and gas sector has significant development potential. During 2010-2011 a number of breakthrough offshore gas discoveries were made. The key gas potential of the country is concentrated in the Rovuma basin (its resources are estimated to up to 2.2 TCM) and in the Mozambique river basin (3 onshore gas fields with proven reserves of up to 95 BCM and 1 offshore gas field with resources of up to 56 BCM). According to the U.S. Geological Survey assesses technically recoverable conventional oil and gas resources in the Mozambique Coastal Province to 11,7 BBO, 182 TCFG, and 5,6 BBNGL.