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NK Rosneft' OAO Consolidates 100% of Taas-Yuriakh Neftegazodobycha


Monday, 14 Oct 2013 08:00pm EDT 

NK Rosneft' OAO (Rosneft) announced that on October 14, 2013 Rosneft consolidated 100% of Taas-Yuriakh Neftegazodobycha LLC into Rosneft subsidiary RN-Vostochnaya Sibir LLC. The consolidation of Taas-Yuriakh Neftegazodobycha will boost the efficiency of Srednebotuobinsk oil and gas field development and will serve as foundation to create infrastructure for further exploration and development of the region’s reserves. The control over Taas-Yuriakh Neftegazodobycha will enable Rosneft to book Srednebotuobinsk field reserves and to increase the Company’s production volumes. Taas-Yuryakh Neftegazodobycha holds production licenses for the Central and Kurungsk blocks of the Srednebotuobinsk oil and gas condensate field. The field C1+C2 reserves stand at 134 million tons of liquid hydrocarbons and 155 bcm of gas. 

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