MOSCOW, September 29 (RIA Novosti) – US sanctions imposed against Russia will not have any impact on the joint Sakhalin-1 project between ExxonMobil and Rosneft, the US company's spokesman, Alan Jeffers, told RIA Novosti on Monday.
“The Sakhalin-1 project is not impacted by US sanctions,” Jeffers said.
“Under the Strategic Cooperation Agreement between ExxonMobil and Rosneft, there are a total of 10 joint ventures involving the exploration and potential production from offshore Russia in the Black Sea, Arctic regions and onshore West Siberia,” Jeffers added.
Jeffers said the wind down of work activities of 9 of these 10 joint ventures was to be complete by the September 26 deadline.
“The Kara Sea project and the University-1 well was the subject of our application for a slightly extended compliance period because operations were at a critical stage and additional time was required to safely wind down activity, especially given the sensitive Arctic environment,” he said.
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