BP and Rosneft to develop Siberian resources

Rosneft and BP to explore and develop onshore Siberian oil resources in a joint venture. Plans for the West Siberian and Yenisey-Khatanga basins include regional research, seismic testing and drilling of exploration wells. Field works in the 260,000 square-kilometre area are anticipated to begin in early 2017. The joint venture is to be called Yermak […]

Bailiffs raid BP Moscow office

Russian bailiffs have raided BP’s offices in Moscow on the orders of a Siberian court. The raid conducted by the Federal Bailiff Service followed a lawsuit against the oil giant by shareholders of one of its minor subsidiary companies. Some shareholders of TNK-BP Holding, led by Andrei Prokhorov, are claiming damages from BP after its […]