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04/04/2014
11:01
M&A: M. Gutseriev buys Orenburg-based Preobrazhenskneft and Oilgaztet

RussNeft and Neftisa owner Mikhail Gutseriev is buying the Orenburg-based CJSC Preobrazhenskneft and CJSC Oilgaztet licensed to develop the deposits containing 30 million tonnes of oil. The total amount of transactions is estimated at $200-220 million, the Kommersant reported.

CJSC Preobrazhenskneft has been developing the Kolganskoye oil field since 1999. According to the company's forecast, the deposit's recoverable reserves will have reached 15 million tonnes by 2015. In 2013, Preobrazhenskneft produced 182 thousand tonnes of oil. Also, the company has its own crude oil rail handling terminal in Orenburg region.

CJSC Oilgaztet is developing the Ashirovskoye oil field with resources reaching 14.7 million tones. In 2013, the company produced 19 thousand tones of oil.




"AK&M", 04.04.2014

 

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