Rosneft likely to restart drilling in 2020
Russia Sanctions forced the Russian oil giant’s partner ExxonMobil to leave the West Alpha rig, which drilled the Universitetskaya-1 discovery in the Pobeda oil and gasfield.
Several other projects have been spiked in the Artic as US and European sanctions on technology and oilfield services have threatened the ability of oil and gas companies to exploit deepwater and shale plays. Rosneft terminated North Atlantic Drilling’s five-year contract for the drillship West Navigator and cancelled charters for jack-up Energy Endeavour in March of this year.
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