Exxon to Start Exploration Well in Russian Arctic Sea Tomorrow

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Exxon Mobil Corp. and its Russian partner OAO Rosneft will start exploration drilling in Russia’s Kara Sea tomorrow, undeterred by souring relations between the U.S. and Russia.

Russian President Vladimir Putin will give the command to begin drilling at the Universitetskaya structure tomorrow, the Kremlin said in an e-mailed statement today. Irving, Texas-based Exxon and Rosneft will drill using the West Alpha rig and work will continue through October, according to the statement.