Exxon Mobil Stopped Offshore Oil Well in Russia
As the first step that the U.S. sanctioned Russian oil industry, Exxon Mobil stopped exploiting an offshore oil well whose reverses were as high as several billion barrels, located in Russian Arctic Ocean.
Three anonymous insiders claimed that after only several days when the Western announced to prohibit assisting Russia to explore or exploit oil in deep water of Arctic Ocean or shale oilfields, Exxon Mobil stopped operating an offshore oil well in Arctic Ocean, which developed jointly with Rosneft.
EU carries out sanctions on Russian in succession, aiming at punishing Russia for it adding fuel to fire in Ukrainian crisis. The prohibition requires that all of American enterprises should stop providing drilling and testing services which have already been forbidden rigorously to Russia before September 26.
Chris Kettenmann, the chief energy strategist of Prime Executions Inc. disclosed that Exxon Mobil and North Atlantic Drilling (NADL), a drilling contractor belonging to Seadrill (SDRL) were all located at the sanction range. They were required to end or stop operation involved in Russian oilfield before deadline.
The oilfield developed by two corporations is located at the Russian northern coastline. The total value is as high as 700 million dollars. Chris Kettenmann also supplemented that the program may be restarted in the early of the next year at the soonest.
In August, Universitetskaya-1 developed jointly by Rosneft and Exxon Mobil in Kara Sea began to use West Alpha drill floor which provided by NADL. Suspending Universitetskaya-1 is the first visible proof that the sanctions of the Western on Russia make enterprises in the Western slow down their investments in Russia.
Three anonymous insiders claimed that after only several days when the Western announced to prohibit assisting Russia to explore or exploit oil in deep water of Arctic Ocean or shale oilfields, Exxon Mobil stopped operating an offshore oil well in Arctic Ocean, which developed jointly with Rosneft.
EU carries out sanctions on Russian in succession, aiming at punishing Russia for it adding fuel to fire in Ukrainian crisis. The prohibition requires that all of American enterprises should stop providing drilling and testing services which have already been forbidden rigorously to Russia before September 26.
Chris Kettenmann, the chief energy strategist of Prime Executions Inc. disclosed that Exxon Mobil and North Atlantic Drilling (NADL), a drilling contractor belonging to Seadrill (SDRL) were all located at the sanction range. They were required to end or stop operation involved in Russian oilfield before deadline.
The oilfield developed by two corporations is located at the Russian northern coastline. The total value is as high as 700 million dollars. Chris Kettenmann also supplemented that the program may be restarted in the early of the next year at the soonest.
In August, Universitetskaya-1 developed jointly by Rosneft and Exxon Mobil in Kara Sea began to use West Alpha drill floor which provided by NADL. Suspending Universitetskaya-1 is the first visible proof that the sanctions of the Western on Russia make enterprises in the Western slow down their investments in Russia.
