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Gazprom neft' OAO Buys Remaining Stake in Gazprom Neft Orenburg from Gazprom OAO's Unit-Interfax


Tuesday, 12 Nov 2013 03:32am EST 

Interfax reported that Gazprom neft' OAO (Gazprom Neft) bought the remaining 38.2% of CJSC Gazprom Neft Orenburg (Gazprom Neft Orenburg) from its parent company Gazprom OAO (Gazprom) for RUB 859 million in September, Gazprom Neft said in a report. Directors at Gazprom Neft approved the acquisition of the 38.2% of Gazprom Neft Orenburg, which holds the license to the Eastern section of the Orenburgskoye oil and gas field, from LLC Gazprom Dobycha Orenburg for RUB 859 million back in July, Gazprom Neft said in a statement. Gazprom Neft paid Gazprom RUB 3.576 billion for 61.8% of Gazprom Neft Orenburg in October 2011. Gazprom Neft Orenburg holds the license to the Eastern section of the Orenburgskoye oil and gas field with ABC1 + C2 reserves of 96 million tonnes oil, 2 million tonnes condensate, 53 billion cubic meters gas and 10 bcm dissolved gas. 

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