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Transcripts For BLOOMBERG On The Move 20140929

A good morning. Ou are watching the pulse. We are here in london. I am guy johnson. Let me take you to the bloomberg exclusive. Rosneft hasnt made a has made a huge discovery. Ryan chilcote went to the site and spoke to the rosneft ceo on by asking and started houston they would see production. Production is going to start in 70 years. That is the mid range. Demands faster, we can speed it up. Tell me what price of oil will need for a return . I think it will be enough to provide our company with a stander return. Though feels in use around the world are declining. The oil is high quality. Ae markets should give us kind of price that justifies. Five70 years will be talking around 140 a barrel. Time will tell. Where to go from here . It was a joint project with exxon. U. S. Companiesr is barred from drilling in the arctic. Exxon has to leave from here. We will doext . It on our on. We are not going to stop our work. The projects operator is our joint venture. We are not planning on chan

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