Operations with Exxon Mobil in the arctic waters of the Kara Sea should be on par with those in North America or Saudi Arabia, Russian oil company Rosneft said. Rosneft announced it started work with Exxon in the northern region that it said would help address international energy security concerns. “Comparing this project in terms of a resource base to other projects, we can say for sure that it is highly competitive with the largest resources, such as the resource base of Saudi Arabia, and will by far surpass the capacities of the Gulf of Mexico Shelf, Alaska and Canada,” Rosneft Chief Executive Officer Igor Sechin said Saturday. Rosneft positioned the West Alpha rig , provided by Norwegian company North Atlantic Drilling, at the East Prinovozemelskiy-1 license area in the Kara Sea. The company said the entire area could hold as much as 87 billion barrels […]