ExxonMobil Found Extra Oil Reserves In Russian Field

U.S. oil major ExxonMobil, an operator of Russian offshore oil and gas Sakhalin-1, has found an extra 560 million barrels to add to reserves.

The company had asked the government to boost its Sakhalin-1 license territory and grant new reserves without calling a new tender, Russia?s resources minister Yuri Trutnev said.

?Our specialists have now to analyze whether the new reserves are part of the (Exxon?s) Chaivo field or not. If they are not part of it, we?ll have to call a tender,? said Trutnev.