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2016-10-06 18:45:00

ROSNEFT SOLD $2 BLN

РОСНЕФТЬ ПРОДАЛА $ 2 МЛРД.

ROSNEFT wrote, Rosneft and a consortium of Indian companies, consisting of Oil India Limited (the leader of the consortium), Indian Oil Corporation Limited and Bharat PetroResources Limited closed the transaction for the purchase of 23.9% of Vankorneft JSC to Indian companies.

Base price of the transaction is с. USD 2.021 bln (c. RUB 126 bln).

The closed transaction is a symbolic one for the companies and marks the transition to a new level of cooperation in the Russian-Indian relations in the energy area. Indian companies obtain substantial interest in one of the biggest large-scale projects of Rosneft of the last decade, whereas Rosneft retains 61.1% shares in the project.

Rosneft finalizes the creation of an international energy hub on the basis of the Vankor cluster within short timeframes: currently underway is the preparation to the closing of the deal for the acquisition of an additional 11% share in project by ONGC Videsh Limited (after the closing ONGC Videsh Limited's share in Vankorneft JSC will reach 26%). Consequently the share of Indian state companies may increase to 49.9%.

The achieved evaluation of Vankor Project is USD 3.4 per barrel of hydrocarbon reserves (in terms of 2P category using PRMS method) and reflects high potential of the project's resource base. With account for the multipliers achieved, the design value of hydrocarbon reserves of Rosneft exceeds the current enterprise value of the Company more than twice.

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Earlier:

ROSNEFT:

ONGC BUYS VANKOR 

ROSNEFT - BP - SCHLUMBERGER COOPERATION 

ROSNEFT NET INCOME UP BY 6.4 TIMES 

ROSNEFT & PDVSA STRATEGIC PARTNERSHIP 

ROSNEFT HAS PAID $1 BLN

 

INDIA: 

INDIA APPROVED $3 BLN 

LNG TO INDIA: UP 35% 

6 MB IRANIAN OIL FOR INDIA 

ONGC BUYS VANKOR 

INDIA SAVES $3 BLN

 

 

 

 

 

Tags: РОСНЕФТЬ, ROSNEFT, INDIA, ONGC