OMV to buy Uniper stake in Russian field

By Staff reporter 6 March 2017

Austria’s OMV has agreed to buy Uniper’s 24.99% stake in the Yuzhno-Russkoye gas field in Western Siberia for $1.85 billion.

"The acquisition will build a new core area, Russia, in our upstream portfolio adding 100,000 barrels of oil equivalent per day [boe/d] to OMV’s production," said OMV Chief Executive Rainer Seele. "After closing, OMV will produce in total more than 400,000 boe/d."

Yuzhno-Russkoye is one of Russia’s largest gas fields. It reached plateau production of 25 billion cubic metres per year in 2009 after having started up...

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