Reuters: Mergers News: Rosneft sees Eni JV investments at over $100 bln

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Rosneft sees Eni JV investments at over $100 bln Apr 25th 2012, 12:36 MOSCOW, April 25 | Wed Apr 25, 2012 8:36am EDT MOSCOW, April 25 (Reuters) - Rosneft and Eni will invest over $100 billion in their joint venture to develop offshore oil and gas in Russia, Rosneft President Eduard Khudainatov said on Wednesday. Khudainatov estimated the venture's exploration costs at $2 billion. Total investment into efforts to tap reserves in the Barents Sea may reach $50-$70 billion, while $50-$55 billion has been earmarked for Black Sea deposits.

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