Gazpromneft Orenburg buys 99% of Yugra-Intek’s shares
Edited by Rhod Mackenzie / 2014-10-13 09:58:35
Gazpromneft Orenburg is going to buy 99.99% of Ugra-Intek’s shares. The corresponding decision has already been approved by the Gazpromneft’s Board of Directors.
Ugra-Intek holds the license for the Kuvaysky field in the Orenburg region with area of 140 square km, which it acquired at auction in 2008 for 14.95 million rubles. Oil resources at the deposit are 2 million tons. Deep drilling and preparation of structures for drilling hasn’t been carried out at the site. Oil, gas and condensate pipelines are located in12-15 km from its borders
