Previous story: Sumatec Resources Bhd, which has been appointed
operator of Rakushechnoye oil and gas field in Kazakhstan, will
charge the oil field owner Markmore Energy (Labuan) Ltd a total
fee of $45 million from 2014 to 2017 and a projected amount of
$32.8 million per annum from 2017 onwards.
As part of the agreement it signed with Markmore yesterday,
Sumatec is required to deliver a minimum requirement of 120
million standard cubic feet of gas (MMSCF) per day to an
off-taker starting early 2017. Markmore is the owner of the
concession and sub surface user rights for the Rakuschechnoye
Field through its 100 percent subsidiary, CaspiOilGas LLP.
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.