Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Rosneft Oil Company has successfully closed the transaction of selling 15% shares in Vankorneft JSC to ONGC Videsh Limited
    édité le 31/05/2016 - Plus de news de "Rosneft" - Voir la fiche entreprise de "Rosneft"


Rosneft Oil Company has successfully closed the transaction of selling 15% shares in Vankorneft JSC to ONGC Videsh Limited
Rosneft Oil Company and ONGC Videsh Limited have closed the transaction of selling 15% shares in Vankorneft JSC to an Indian company. This transaction shows that the project portfolio of Rosneft Oil Company can be re-evaluated more than twice.

Base price of the transaction is USD 1.27 billion (about 83 billion RUB).

The closed transaction is symbolic for both the companies and marks transition to a new level of cooperation in the Russian-Indian relations in sphere of energy. ONGC gets substantial interest and relevant rights in one of the biggest large-scale projects of Rosneft of the last decade, whereas Rosneft retains major shares in the project and will operate on the field through the operator company RN-Vankor.

The achieved evaluation of Vankor Project is USD 3.4 per barrel of hydrocarbon reserves (in terms of 2P category using PRMS method) and reflects high potential of the project’s resource base. With account for the achieved evaluation coefficients, the design value of hydrocarbon reserves of Rosneft exceeds current market capitalization of the Company more than twice.

Note:

On September 4, 2015 Rosneft and Indian ONGC Videsh Limited signed Sale and Purchase Agreement for Vankorneft a 15% share and shareholder agreement on company management at the Eeastern Economic Forum. The document was signed by Igor Sechin, Rosneft Chairman of the Management Board, and Narendra Verma, Managing Director of ONGC Videsh Limited.

Rosneft subsidiary Vankorneft was established in 2004 to develop Vankor oil and gas condensate field - the largest of the fields, discovered and commissioned in Russia during the last twenty five years. The field is located in the North of Eastern Siberia in Turukhansk District of the Krasnoyarsk Territory 142 km away from Igarka town.

As of 01.01.2016 Vankor field 2P reserves by PRMS classification are 265 mln tons of oil and condensate and 88 bcm of gas.

22 mln tons of oil and 8.71 bcm of gas were produced at Vankor in 2015. Vankor recovery factor is one of the highest in Russia due to the applied technological solutions. High flow rate of the field is secured by the drilling of injection directional and producing wells with horizontal completion. Oil production process is fully automated.

On December 2015 Rosneft and ONGC Videsh Limited signed an Agreement on the confirmation of successful completion of the first preparation phase for the completion of the transaction to establish Vankorneft based JV. The document was signed in the presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.

The operator company RN-Vankor was created which will control the total infrastructure of Vankor cluster (including Vankor-Purpe oil pipeline) and make it possible to enhance the efficiency and transparency of management of the project.

About Vankorneft

The Rosneft’s subsidiary Vankorneft was founded in 2004. Vankorneft is carrying out the project of the Vankor field development, the largest field to have been discovered and brought into production in Russia in the last 25 years. It is located in the northern part of Eastern Siberia, in Turukhansky District of Krasnoyarsk Territory, 142 km from Igarka. The area of the Vankor field is 416.5 sq. km. As of 1 January 2014 the initial recoverable reserves in the Vankor field are estimated at 500 million tons of oil and condensate, and 182 billion cubic meters of gas (natural and dissolved).

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest public oil and gas
company by liquid hydrocarbon production and reserves. The Company’s core operations are in hydrocarbon exploration and appraisal, production of oil, gas and gas condensate, offshore developments, refining, marketing of oil, gas and oil products inside and outside Russia, and investment activity.

Rosneft’s exploration and production geography spans across all key oil and gas provinces in Russia, namely Western Siberia, Southern and Central Russia, Timano-Pechora, Eastern Siberia and the Far East. The Company also implements projects in Kazakhstan, Algeria, Venezuela, Brazil, Vietnam, the UAE, Canada, and in the Gulf of Mexico. Offshore projects, including in the Arctic, take a special place in Rosneft’s portfolio. Rosneft has joined forces with ExxonMobil, Eni and Statoil to develop Russia’s offshore resources.

About ONGC

Oil and Natural Gas Corporation Limited (ONGC) is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It produces around 70% of India's crude oil (equivalent to around 25% of the country's total demand) and around 60% of its natural gas. With a market capitalisation of over INR 2 trillion, it is one of India's most valuable publicly-traded companies.


Origine : Communiqué Rosneft

Voir la fiche entreprise de "Rosneft"



Les dernières news de "Rosneft"



Toutes les news de "Rosneft"
 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 



Europétrole © 2003 - 2024