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MOSCOW — Exxon Mobil and the Russian oil firm Rosneft agreed to a deal Tuesday to begin joint operations on Russia’s Arctic Sea shelf and in the deep waters of the Black Sea, far to the south.
In return, Rosneft will get a chance to take part in Exxon’s operations in the Gulf of Mexico and Texas. The two companies said they will also pursue joint ventures in additional countries.
Exxon agreed to invest $3.2 billion in opening up oil and gas production in the Kara Sea, which is an arm of the Arctic Ocean tucked south of an island chain called Novaya Zemlya.
Earlier this year, Rosneft had been planning to pursue operations there with BP, but that deal fell through.
