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Gazprom OAO approves sale of Prirazlomnoye field license holder to Gazprom neft' OAO-Interfax

Monday, 19 May 2014 01:32am EDT 

Gazprom OAO:The board of directors of Gazprom has approved the sale of the license holder to the Prirazlomnoye Arctic offshore oil field, LLC Gazprom Neft Shelf, to oil company Gazprom neft' OAO, Gazprom said in a statement-Interfax.Gazprom has approved the signing of a purchase-sale contract with Gazprom Neft for a 100 percent equity stake in Gazprom Neft Shelf with par value of 1 million Russian rubles.The Gazprom board's decision on this issue is the first stage in transferring Prirazlomnoye from Gazprom to Gazprom Neft.The second step will be to hand over the Prirazlomnaya platform.A fundamental condition will be payment for the platform over seven years from revenues earned on the sale of oil from the field. 

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