The potential of the Bazhenov shale play in Western Siberia, where ExxonMobil (XOM) and Rosneft have agreed to start JV operations, is immense: It covers 570M acres, the size of Texas and the Gulf of Mexico combined - an area 80x bigger than Bakken. But the challenges will require patience: During the summer, weather in the area warms and softens the ground enough to prevent drilling.
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