ExxonMobil and Rosneft Sign Declaration on Russian Arctic Shelf Environmental Protection
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
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ExxonMobil
Media Relations, 972-444?1107
or
Rosneft
Information
Division, +7 (495) 411 54 20 / +7 (985) 762 6383
Fax: +7 (495) 411
54 21
