ExxonMobil and Rosneft Sign Declaration on Russian Arctic Shelf Environmental Protection

  ExxonMobil and Rosneft Sign Declaration on Russian Arctic Shelf
  Environmental Protection

Business Wire

IRVING, Texas -- December 07, 2012

ExxonMobil and Rosneft today signed a Declaration on Protection of the
Environment and Biodiversity for Oil and Gas Exploration and Development on
the Russian Arctic Continental Shelf.

The declaration was signed during a meeting between Igor Sechin, president and
chairman of the management board of Rosneft, and Rex W. Tillerson, chairman
and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), and senior
managers from both organizations.

The declaration sets out measures to help protect the Arctic’s ecosystems
during oil and gas exploration and development activities to be undertaken by
Rosneft and its partners.

Commenting on the signing, Sechin said, “Rosneft and ExxonMobil have worked
together effectively for quite a long time. I am grateful to Rex Tillerson for
the decision to join the initiative.”

Tillerson said, “We seek to manage the impact on the environment wherever we
operate through continuous improvements in technology and operational
procedures. We support Rosneft’s initiative and will work with them and other
industry representatives to protect the environment in the Russian Arctic.”

The parties have agreed to form a joint working group to consider establishing
a coordination center that may include representatives of Roskosmos, the
Ministry of Transport of the Russian Federation and the Ministry of the
Russian Federation for Civil Defense, Emergencies and Elimination of
Consequences of Natural Disasters. The coordination center would coordinate
activities to protect biodiversity including observing principles and
recommendations of the Convention on Biological Diversity and the standards
set by IPIECA, the global oil and gas industry association for environmental
and social issues.


Statements that reference future events or conditions in this press release
are forward-looking statements. In the future, the actual results, including
project plans, costs and benefits and production volumes realized by the
parties as a result of this agreement, may differ significantly from the
forecasts, depending on the actions of governmental authorities or regulatory
agencies, including possible changes in the law; the results of exploration
programs; changes in oil or gas prices and other market or economic factors
that affect the petroleum industry; the development of new technologies; other
technical and operational factors; the actions of competitors, and other
factors listed under the heading “Factors Affecting Future Results” on the
Investor page at the ExxonMobil website at www.exxonmobil.com. Additional
information about Rosneft is available on its website at www.rosneft.com.

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