Reuters
Rosneft said Tuesday it had signed finance framework documents with BP for the massive offshore Sakhalin-5 field, a deal industry sources say means BP footing $5 billion in development costs.
BP expects exploration drilling to begin this year at the field, located off the eastern coast and estimated to have a maximum oil and oil-condensate output of more than 700,000 barrels per day, similar to that of OPEC member Qatar
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