Imperial Oil, Exxon and BP have formed a joint venture to explore for oil and gas in acreage they hold in the Beaufort Sea in Canada's Arctic

摘要

Under the terms of the deal, the companies will explore, and possibly team up to develop offshore blocks the companies picked up for hundreds of millions of dollars in 2007 and 2008. Imperial and its majority owner Exxon will each own 25% of the venture and one of them will be operator. BP will own the remaining 50%.