Igor Sechin claims that Eni has not left the projects with Rosneft, the companies continue to cooperate in the Black and Barents Seas.
Total losses could exceed $ 270 million.
The only developed Arctic field for the near future will remain Prirazlomnoye in the Pechora Sea from Gazprom Neft.
The formal pretext - single drilling did not reveal the presence of oil. A more real reason - the Italian company does not want to conflict with the US, which imposed sanctions on all Russian offshore projects.
The company is betting not only on oil, but also on gas.