Rosneft and BP plan to start prospecting at the Sakhalin-4 Zapadno-Shmidtovsky section in 2007, Rosneft said in its financial report. The license calls for 3D seismic work in 2006, drilling one prospecting well in 2007 and two more wells in 2008. The results of 2,469 metres of seismic exploration carried out in recent years were processed and 1,500 square metres of 3D exploration were performed in 2005. The report says that CJSC Zapad-Shmidt-Neftegaz holds a three-year license issued on October ...

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