Exxon Seeks Shale-Oil Opportunities in Siberia and China

By Admin
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

Honeywell debunks hydrogen energy and its global challenges

Maya Gomez, Director of Green H2 CCM at Honeywell, uncovers the different types of hydrogen and the challenges of applying them for more sustainable energy

ABB Motion & WindESCo partner to strengthen wind energy

ABB Motion invests in WindESCo to sustain wind turbine performance, in a renewable energy drive that will help ABB in its net zero ambitions

Shell Energy UK and Germany acquired by Octopus Energy

Octopus delivers industry leading service whilst investing in clean energy systems — we will deliver this to the new customers too, says CEO Greg Jackson

Sustainability LIVE links to energy and electrification

Sustainability

Green energy: A hot topic at Sustainability LIVE 2023

Sustainability

Sustainability LIVE London sells out on 2023 conference

Sustainability