Russian oil company Rosneft said the discovery of oil in an arctic license area came as the result of a united effort with its Western energy partners. Rosneft estimates the discovery at an area in the Prinovozemelskiy-1 license area in the Kara Sea holds at least 700 million barrels of oil. “This is an outstanding result of the first exploratory drilling on a completely new offshore field,” Rosneft Chief Executive Officer Igor Sechin said in a statement Saturday. “This is our united victory; it was achieved thanks to our friends and partners from ExxonMobil, Nord Atlantic Drilling, Schlumberger, Halliburton, Weatherford, Baker Hughes, [and others].” The company said the entire area could hold as much as 87 billion barrels of oil. Greenpeace activists this year trailed some of the international […]