BP bought Rosneft stake in the field in Eastern Siberia

BP bought Rosneft stake in the field in Eastern SiberiaRosneft managed to find a strategic partner for the development of large oil deposits in Eastern Siberia. A stake in the project buys private key shareholder state-owned British BP, which will receive about 20% in TAAS-Yuryakh Oil and gas production".The deal is valued at $700-800 million Until the parties have signed a preliminary agreement to complete the transaction is expected in early 2015, according to "Kommersant" with reference to market participants.First 35.3% in TAAS-Uraha Rosneft bought in 2012 Sberbank for $444 million in the next year the company fully consolidated the "TAAS-Yuryakh Oil and gas production", by buying shares at Yakut Energy Limited (37.4 per cent) and Finfund Limited (16,8%), controlled, according to unofficial data, businessman Vladimir Stolyarenko, and Fund Ashmore Limenitis Holding Limited (10.5 per cent). In the financial statements of Rosneft stated that she paid for 64,7% a little more than $2 billion"TAAS-Yuryakh the oil and gas extraction" owns licenses to Srednebotuobinskoe gas condensate field in the South-West of Yakutia. His C1 C2 $ 134 million tons of oil and condensate and more than 155 billion cubic meters of gas. Oil production began in October 2013, the Deposit is located 160 km North of pipeline Eastern Siberia-Pacific ocean, and in 2012, the company has connected it to the tube. In the current year it is planned to produce more than 900 thousand.



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