BP-led group awarded five-year Sakhalin V exploration licenseAlliance will purchase seismic data being shot over area this year; depending on analysis, drilling on 10,000 square kilometers could begin as early as 2004 Petroleum News Alaska
BP announced July 10 in Moscow that Rosneft, an alliance of BP (49 percent), OJSC NK Rosneft (25.5 percent) and Rosneft-Sakhalinmorneftegas (25.5 percent), has been awarded a five-year exploration license for part of the offshore Sakhalin V block.
BP said the alliance, formed in 1998 to develop Sak....
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