A govt committee is reportedly looking into allowing private Russian and intl coâs to explore Russiaâs offshore, a privilege detained so far by Gazprom and Rosneft and their subsidiaries. The move is said to be motivated by âslowâ progress in this sector from both state entities. Only companies with sufficient prior offshore experience would be considered, and even then allowed up to 49%* in JVâs with Gazprom + Rosneft, should these apply for new rights. The natural resources ministry has yet to respond to the initiative.  * A 70% stake has also been proposed
A govt committee is reportedly looking into allowing private Russian and intl coâs to explore Russiaâs offshore, a privilege detained so far by Gazprom and Rosneft and their subsidiaries. The move is said to be motivated by âslowâ progress in this sector from both state entities. Only companies with sufficient prior offshore experience would be considered, and even then allowed up to 49%* in JVâs with Gazprom + Rosneft, should these apply for new rights. The natural resources ministry has yet to respond to the initiative. * A 70% stake has also been proposed