Rosneft may sell only 10% in Taas-Yuryakh neftegazodobycha to Skyland Petroleum
Fund Skyland Petroleum Group, with which Rosneft agreed on sale of 29% in Taas-Yuryakh neftegazodobycha, may be limited with a share of only 10%, president and founder of Briton David Robson said in an interview with the Bloomberg. He estimated the transaction amount at $375 million for 10% and $1.1 billion for 29%, it should be closed before the end of the year. Skyland Petroleum representative didn’t answer for questions of the Vedomosti, as well as his colleague from Rosneft.
The information that Skyland Petroleum can get up to 29% in Taas-Yuryakh neftegazodobycha was announced by Rosneft at the St. Petersburg International Economic Forum in June. The parties signed the main terms of the agreement on establishment of a joint venture on the basis of Taas-Yuryakh neftegazodobycha for the development of the Srednebotuobinskoye oil and gas deposit in Yakutia. Skyland Petroleum is a new company on the oil market, it was created by British Vazon Energy in January 2015, its website reports. The company manages the money of investors from China and East Asia, Robson told the Bloomberg. Skyland Petroleum plans to become a "profitable and successful oil and gas company" and to develop mature fields to get cash flow in the short term, the company's website says.