Gazprom Neft to be operator of new Arctic oilfield

BP's Russian oil venture and the oil arm of state gas monopoly Gazprom tightened their grip on a major Arctic oil and gas field, putting themselves in position to finance and develop the huge deposit.
The two companies said on Tuesday they acquired the license holder for the giant Messoyakha field on the Arctic Yamal peninsula, from their joint venture Slavneft, putting the project under their direct control.
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Source: Reuters