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Home  »  Russia  »  Economics

Rosneft and Chevron will jointly develop the Black Sea shelf.

Vladimir Putin: Chevron should pay particular attention to the environment - in the light of the recent accident BP in the Gulf of Mexico.

Today in Novo-Ogarevo in the presence of Prime Minister Vladimir Putin, the Russian state company Rosneft and the American company Chevron signed an agreement to work together on the Black Sea shelf. According to Deputy Prime Minister Igor Sechin, investment in the Russian-American project at the stage of exploration would amount to a billion dollars. In accordance with the agreements concluded, Rosneft and Chevron plan to create an operating company, registered in Russia.

initial program of exploration, including exploratory drilling and seysmoissledovanie subsoil Val Shatsky the Black Sea shelf will finance Chevron.

Drilling should commence before the end of 2011. The section is planned to drill two exploration wells: one - in Novorossiysk, the other - in the area of Tuapse. If successful, the investment in the project could exceed a trillion rubles. In addition, the Black Sea shelf is subject to tax and Chairman of the Board of Directors of OAO Rosneft, Igor Sechin did not rule out that the Russian-American project may get tax breaks.

Chevron has successfully drilled over 375 wells in more complex environmental conditions. Chairman of the Board of Directors of the American companies John Watson confident in the safety of drilling wells in deep water.

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