We Will Drill on Our Own: Rosneft CEO

The transcript discusses the forecast for oil production over the next 5 to 7 years, with a focus on market demand and investment returns. It highlights the high quality of the oil and the expected price range of $140 to $150 per barrel. The conversation also covers the impact of U.S. government restrictions on Exxon's Arctic drilling and the company's plans to continue the project independently, while maintaining the joint venture with Exxon.

What is the expected price range for oil per barrel in 5 to 7 years?

• $140 to $150

• $100 to $120

• $200 to $220

• $160 to $180

What is the main reason for the decline in mature oil fields?

• Natural depletion

• Increased demand

• Government regulations

• Technological advancements

Why is Exxon unable to continue drilling in the Arctic?

• Lack of resources

• Environmental concerns

• Financial issues

• U.S. government restrictions

How does the company plan to continue the Arctic project without Exxon?

• By relocating the project

• By finding new partners

• By halting the project

• By reducing operations

What is the company's plan regarding the joint venture with Exxon?

• To change the ownership structure

• To dissolve the venture

• To sell the venture

• To continue as planned