Exxon Seeks Shale-Oil Opportunities in Siberia and China

By Admin
Share
Exxon Mobil announces plans to start working with Russia's OAO Rosnef to assess what could be massive reserves of shale oil in Western Siberia...

 

 

Exxon Mobil announces plans to start working with Russia's OAO Rosnef to assess what could be massive reserves of shale oil in Western Siberia.

“There is a huge shale potential in shale rocks in West Siberia...we just don't know what the quality is,” Exxon's CEO Rex Tillerson said in an interview Tuesday.

However, the exploration work will take years to establish whether or not the reserves are commercially viable.

"Rosneft wished to participate in some resource development opportunities outside of Russia and we have invited them to farm into some areas in Canada and in Texas, in tight oil," Mr. Tillerson said.

SEE OTHER TOP STORIES IN THE ENERGY DIGITAL CONTENT NETWORK

Landslide Caused by Exxon Operations?

Baldwin's Lawsuit against Costner over Oil Spill

Read more in May's issue of Energy Digital: The Military Edition

Exxon may be joining the Russia Barents Sea Shtokman natural gas project “on the right terms.”

Exxon is also looking for more shale opportunities in China, which could potentially have a huge impact on the US.

"We are in discussions with a couple of the Chinese national oil companies," Mr. Tillerson said, without identifying them. "We are doing some joint studies. We haven't taken a position yet, we are still talking about that and the terms around that."

 

DOWNLOAD THE ENERGY DIGITAL IPAD APP

Share

Featured Articles

Aggreko: CEOs Adjust Net Zero Strategies Amid Challenges

European CEOs modify investment timelines and strategies to align with net zero ambitions, navigating through economic and energy hurdles, Aggreko says

Schneider Electric Welcomes Olivier Blum as New CEO

One of the world's most sustainable companies, Schneider Electric appoints Olivier Blum as CEO to drive its next phase in sustainable energy management

How Extreme H is Changing Hydrogen Fuel Perceptions

Extreme H’s car is the first hydrogen-powered racing car to pass FIA crash testing ahead of the series’ launch in 2025, bringing new eyes to hydrogen fuel

Google Boosts Data Centre Power with Nuclear Energy

Technology & AI

Is Burning Rubbish for Electricity a ‘Disaster for Climate’?

Sustainability

SAVE THE DATE — Sustainability LIVE: Net Zero 2025

Sustainability