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Rosneft (OTC:RNFTF) says it is in constant contact with global rig contractors in its search for a company to provide a rig to restart exploration work next year in the Arctic's Kara Sea.
Rosneft says it could use already proven partners or companies which it has not worked with in the past; Reuters reports the Russian company could choose a rig from China or Korea, or from Seadrill's (NYSE:SDRL) with whom Rosneft cancelled a two-and-a-half year rig contract earlier this year due to Western sanctions imposed on Russia over policies in Ukraine.
Rosneft was forced to push back the resumption of drilling from this year after Exxon suspended its cooperation in the project because of sanctions.