BP, the British oil giant, last night staged a dramatic rapprochement with the Russian government, signing a broad new alliance with the country's state-owned oil company, Rosneft, to hunt for oil and gas in the Arctic.
BP's Bob Dudley and Rosneft's Eduard Khudainatov
shake hands, watched by Chris Huhne
Under the deal, BP will help exploit new oil and gas exploration licences awarded to Rosneft last year, which cover approximately 125,000 square kilometres in the shallow waters of the South Kara Sea, an area roughly equivalent in size and prospects to the UK North Sea.
Russian state oil giant takes $7.8bn stake in BP - Business News, Business - The Independent
The production (barrels per day) for South Kara is expect same or more than north seas for the UK.
Mi-8/17 plus maybe Mi-38 when ready will support when first rigs and ships are in place.
This is area (NW of Siberia) where explorations commence.