It also is dedicated to operate and develop oil an gas field properties.

The government regularly auctions leases to companies to develop oil and gas on federal lands.

It developed our capcity to develop oil, gas and steel - this was largely successful.

Exxon was outraged when the Government revoked its right to develop oil in the far north.

Chevron and 17 partners invested more than $2 billion since 1979 to develop and produce oil from the Point Arguello field.

And Western companies developing Russian oil need to share the responsibility.

The earliest efforts to develop western Canadian oil were those of Kootenai Brown.

A consortium of Western companies and Russia have agreed to develop major offshore oil and gas deposits.

In 2011, a 20-year plan to develop offshore oil and gas resources around Svalbard was announced.

"Naturally, we are now looking into developing" Russian oil and gas holdings.