BP's deal with Rosneft on the verge of collapse - Business News, Business - The Independent
This is unwelcome news indeed. As mentioned earlier, the South Kara Sea exploration efforts were mooted as likely to become one of the largest (if not the largest) cold-weather offshore helicopter operations. BP's involvement was also set to guarantee the involvement of a number of international aviation personnel related to the management of the helo op.
Strategically for BP this represents a challenge in their global search for 'significant' oil reserves in which they maintain a significant stakeholding.
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