Shell, Rosneft talk hydrocarbon-prospecting cooperation
MOSCOW. Jan 28 (Interfax) - Shell and Rosneft are discussing the possibility of working together in searching out hydrocarbons deposits, Shell chief Peter Voser said during a Bloomberg TV interview.
The two companies are discussing the potential for cooperation in prospecting, and working with national state companies is part of Shell's business model, Voser said. Shell aims to meet market needs, and foresees oil prices rising along with demand, he said.
Shell projects are oriented towards making profits on oil priced at from $50 to $90 per barrel, Voser said.
Rosneft and Exxon Mobil signed an agreement Thursday providing for joint efforts in developing Russian Black Sea deposits.
Rosneft and British Petroleum announced mid-month that they were setting up a global strategic alliance founded on mutual asset-ownership. Rosneft will get 5% of BP ordinary voting shares in exchange for almost 9.5% of its own shares that were acquired during the bankruptcy of Yukos . When the deal is complete, BP will own 10.8% of Rosneft shares. The companies also agreed to set up a joint venture that will prospect and open three licensed sections in the Arctic.
Rosneft and Chevron signed an agreement last summer for the development of the Val Shatsky oil field in the western Black Sea.