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Author Topic: Exxon Mobil - ExxonMobil and Rosneft Sign Declaration on Russian Arctic Shelf Environmental Protection  (Read 534 times)

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ExxonMobil and Rosneft Sign Declaration on Russian Arctic Shelf Environmental Protection

Dateline City: 
   
           
                    IRVING, Texas        
       

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil
      and Rosneft today signed a Declaration on Protection of the Environment
      and Biodiversity for Oil and Gas Exploration and Development on the
      Russian Arctic Continental Shelf.
   
   
      The declaration was signed during a meeting between Igor Sechin,
      president and chairman of the management board of Rosneft, and Rex W.
      Tillerson, chairman and chief executive officer of Exxon Mobil
      Corporation (NYSE:XOM), and senior managers from both organizations.
   
   
      The declaration sets out measures to help protect the Arctic?s
      ecosystems during oil and gas exploration and development activities to
      be undertaken by Rosneft and its partners.
   
   
      Commenting on the signing, Sechin said, ?Rosneft and ExxonMobil have
      worked together effectively for quite a long time. I am grateful to Rex
      Tillerson for the decision to join the initiative.?
   
   
      Tillerson said, ?We seek to manage the impact on the environment
      wherever we operate through continuous improvements in technology and
      operational procedures. We support Rosneft?s initiative and will work
      with them and other industry representatives to protect the environment
      in the Russian Arctic.?
   
   
      The parties have agreed to form a joint working group to consider
      establishing a coordination center that may include representatives of
      Roskosmos, the Ministry of Transport of the Russian Federation and the
      Ministry of the Russian Federation for Civil Defense, Emergencies and
      Elimination of Consequences of Natural Disasters. The coordination
      center would coordinate activities to protect biodiversity including
      observing principles and recommendations of the Convention on Biological
      Diversity and the standards set by IPIECA, the global oil and gas
      industry association for environmental and social issues.
   
   
      CAUTIONARY NOTE:
   
   
      Statements that reference future events or conditions in this press
      release are forward-looking statements. In the future, the actual
      results, including project plans, costs and benefits and production
      volumes realized by the parties as a result of this agreement, may
      differ significantly from the forecasts, depending on the actions of
      governmental authorities or regulatory agencies, including possible
      changes in the law; the results of exploration programs; changes in oil
      or gas prices and other market or economic factors that affect the
      petroleum industry; the development of new technologies; other technical
      and operational factors; the actions of competitors, and other factors
      listed under the heading ?Factors Affecting Future Results? on the
      Investor page at the ExxonMobil website at www.exxonmobil.com.
      Additional information about Rosneft is available on its website at www.rosneft.com.
   
   
      About ExxonMobil
   
   
      ExxonMobil, the largest publicly traded international oil and gas
      company, uses technology and innovation to help meet the world?s growing
      energy needs. ExxonMobil holds an industry-leading inventory of
      resources, is the largest refiner and marketer of petroleum products,
      and its chemical company is one of the largest in the world. Follow
      ExxonMobil on Twitter at www.twitter.com/exxonmobil.
   
   
   
 
      Language: 
   
           
                    English        
       


      Contact HTML: 
   
           
                                              ExxonMobilMedia Relations, 972-444?1107orRosneftInformation        Division, +7 (495) 411 54 20 / +7 (985) 762 6383Fax: +7 (495) 411        54 21                
       


      Ticker Slug: 
   
           
                          Ticker:    XOM        Exchange:    NYSE

Source: ExxonMobil and Rosneft Sign Declaration on Russian Arctic Shelf Environmental Protection

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