ST PETERSBURG, June 20 (Reuters) - BP Chief Executive BobDudley said on Thursday the British major would look at directparticipation in "really difficult" onshore oil ventures withstate oil company Rosneft, which already hasexploration deals with rivals such as ExxonMobil.
BP lost previous exploration deals focused on Arcticoffshore fields to rival Exxon. Statoil and Eni also have exploration ventures in the Arctic.
Dudley said Rosneft had already made good progress on theArctic with other companies and BP would now focus on onshoreprojects.
"The Arctic projects are for the next decade. Onshore can bedone earlier," he said.
Russia has some of the world's largest shale and other tightoil resources but they remain largely untapped because thecountry is still working its way through conventional reservesand high taxes make unconventional plays unprofitable.
BP (BP.)