Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier?
ABSTRACT During an intense period of only 14 months, from June 2010 to August 2011, six major cooperation agreements between oil companies were announced in Russia. Almost all of these partnerships involved offshore projects, with an international oil company as one of the partners and Rosneft as th...
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Online Access: | http://dx.doi.org/10.1017/s0032247412000137 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0032247412000137 |
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crcambridgeupr:10.1017/s0032247412000137 2024-05-19T07:35:38+00:00 Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? Overland, Indra Godzimirski, Jakub Lunden, Lars Petter Fjaertoft, Daniel 2012 http://dx.doi.org/10.1017/s0032247412000137 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0032247412000137 en eng Cambridge University Press (CUP) http://creativecommons.org/licenses/by/3.0/ Polar Record volume 49, issue 2, page 140-153 ISSN 0032-2474 1475-3057 journal-article 2012 crcambridgeupr https://doi.org/10.1017/s0032247412000137 2024-04-25T06:51:32Z ABSTRACT During an intense period of only 14 months, from June 2010 to August 2011, six major cooperation agreements between oil companies were announced in Russia. Almost all of these partnerships involved offshore projects, with an international oil company as one of the partners and Rosneft as the other. The agreements were concentrated along Russia's Arctic petroleum frontier, and the three that survived the longest involved oil or gas extraction in the Arctic. This article analyses and compares the contents and contexts of the agreements, to ascertain what they have to tell about access for international companies to Russia's offshore petroleum resources and the influence of competing Russian political actors over the country's petroleum sector. The article argues that the new partnerships did represent an intention to open up the Russian continental shelf, and that the agreements were driven and shaped by a series of needs: to secure foreign capital and competence, to reduce exploration risk, to lobby for a better tax framework, to show the government that necessary action was being taken to launch exploration activities, to improve Rosneft's image abroad, and either to avert or prepare for future privatisation of state companies such as Rosneft. Article in Journal/Newspaper Arctic Polar Record Cambridge University Press Polar Record 49 2 140 153 |
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Open Polar |
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Cambridge University Press |
op_collection_id |
crcambridgeupr |
language |
English |
description |
ABSTRACT During an intense period of only 14 months, from June 2010 to August 2011, six major cooperation agreements between oil companies were announced in Russia. Almost all of these partnerships involved offshore projects, with an international oil company as one of the partners and Rosneft as the other. The agreements were concentrated along Russia's Arctic petroleum frontier, and the three that survived the longest involved oil or gas extraction in the Arctic. This article analyses and compares the contents and contexts of the agreements, to ascertain what they have to tell about access for international companies to Russia's offshore petroleum resources and the influence of competing Russian political actors over the country's petroleum sector. The article argues that the new partnerships did represent an intention to open up the Russian continental shelf, and that the agreements were driven and shaped by a series of needs: to secure foreign capital and competence, to reduce exploration risk, to lobby for a better tax framework, to show the government that necessary action was being taken to launch exploration activities, to improve Rosneft's image abroad, and either to avert or prepare for future privatisation of state companies such as Rosneft. |
format |
Article in Journal/Newspaper |
author |
Overland, Indra Godzimirski, Jakub Lunden, Lars Petter Fjaertoft, Daniel |
spellingShingle |
Overland, Indra Godzimirski, Jakub Lunden, Lars Petter Fjaertoft, Daniel Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? |
author_facet |
Overland, Indra Godzimirski, Jakub Lunden, Lars Petter Fjaertoft, Daniel |
author_sort |
Overland, Indra |
title |
Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? |
title_short |
Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? |
title_full |
Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? |
title_fullStr |
Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? |
title_full_unstemmed |
Rosneft's offshore partnerships: the re-opening of the Russian petroleum frontier? |
title_sort |
rosneft's offshore partnerships: the re-opening of the russian petroleum frontier? |
publisher |
Cambridge University Press (CUP) |
publishDate |
2012 |
url |
http://dx.doi.org/10.1017/s0032247412000137 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0032247412000137 |
genre |
Arctic Polar Record |
genre_facet |
Arctic Polar Record |
op_source |
Polar Record volume 49, issue 2, page 140-153 ISSN 0032-2474 1475-3057 |
op_rights |
http://creativecommons.org/licenses/by/3.0/ |
op_doi |
https://doi.org/10.1017/s0032247412000137 |
container_title |
Polar Record |
container_volume |
49 |
container_issue |
2 |
container_start_page |
140 |
op_container_end_page |
153 |
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1799474441317515264 |