Following its disposal of Petrol Ofisi, OMV has announced it is entering a major Upstream gas project in Russia. OMV signed an agreement to acquire a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE. The purchase price amounts to $1,850m (approx. €1,749m based on an agreed exchange rate of €1 = $1.0575) plus cash on the balance sheet as of 31 December 2016. The transaction is anticipated to close by year-end and will be retroactively ef
06 Mar 2017
Even more Russian (and E&P)
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Even more Russian (and E&P)
OMV AG (OMV:WBO) | 0 0 1.2% | Mkt Cap: 15,591m
- Published:
06 Mar 2017 -
Author:
Alexandre Andlauer -
Pages:
2
Following its disposal of Petrol Ofisi, OMV has announced it is entering a major Upstream gas project in Russia. OMV signed an agreement to acquire a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE. The purchase price amounts to $1,850m (approx. €1,749m based on an agreed exchange rate of €1 = $1.0575) plus cash on the balance sheet as of 31 December 2016. The transaction is anticipated to close by year-end and will be retroactively ef