Russia's Fesco bids for Exxon's $300mln icebreaker project
(NSI News Source Info) SOCHI - September 21, 2008: Russian transportation group Fesco is bidding in a tender announced by U.S. oil major Exxon to build icebreakers worth a total of $300 million, Fesco's president said on Friday.
Yevgeny Ambrosov said Fesco, the largest operator of icebreakers in the Russian Far East, has filed a preliminary bid for the tender and plans to use borrowed funds to finance the project.
"Considering that we have long been working with Exxon, we have good prospects in this tender," Ambrosov said.
Exxon Neftegas Limited, a subsidiary of U.S. oil major Exxon, is the operator of the Sakhalin I oil and gas project off Russia's Pacific Coast in the Far East with recoverable reserves estimated at 2.3 billion barrels of oil and 485 billion cubic meters of natural gas.
Saturday, September 20, 2008
Russia's Fesco bids for Exxon's $300mln icebreaker project
Russia's Fesco bids for Exxon's $300mln icebreaker project
(NSI News Source Info) SOCHI - September 21, 2008: Russian transportation group Fesco is bidding in a tender announced by U.S. oil major Exxon to build icebreakers worth a total of $300 million, Fesco's president said on Friday.
Yevgeny Ambrosov said Fesco, the largest operator of icebreakers in the Russian Far East, has filed a preliminary bid for the tender and plans to use borrowed funds to finance the project.
"Considering that we have long been working with Exxon, we have good prospects in this tender," Ambrosov said.
Exxon Neftegas Limited, a subsidiary of U.S. oil major Exxon, is the operator of the Sakhalin I oil and gas project off Russia's Pacific Coast in the Far East with recoverable reserves estimated at 2.3 billion barrels of oil and 485 billion cubic meters of natural gas.
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