Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Rosneft Takes Control Over Brazilian Solimoes Project
25.11.2013 11:23
Rosneft Takes Control Over Brazilian Solimoes Project
Photo Credit: http://www.upstreamonline.com

Rosneft Brazil is expected to get a 51 percent control over joint venture HRT O&G in the Solimoes basin after a purchase of an additional 6 percent, says an official statement by Rosneft.

      The documents were signed in Rio de Janeiro in the presence of Igor Sechin, Rosneft CEO, and Milton Franke, CEO of HRT.

      According to the press release, the completion of the sale and purchase transaction between the companies shall be subject to the fulfillment of certain conditions, including the approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency.

      “We are pleased to increase our stake in promising Solimoes project and hope to continue fruitful and mutually beneficial cooperation with our partners from HRT as part of this project implementation,” Igor Sechin said.

      “We are pleased to have reached this agreement with Rosneft on our joint activities in the Solimoes and look forward to working together with a global industry leader to further mature and monetize the project’s substantial resources,” said Milton Franke.

      Rosneft has become the world's leading publicly traded oil producer after it took over BP's Russian venture TNK-BP for $55 billion in March 2013. Rosneft has a vast and high-quality reserve base, with total proved hydrocarbon reserves of 22.8 bln barrels of oil equivalent – among the best indicators for a global publicly traded oil and gas company. Moreover, Rosneft is second-to-none on an international scale in terms of total proved liquid hydrocarbon reserves. The company’s proved reserve-to-production ratio is 25 years.


      



       




Author: Mikhail Vesely

Tags: Rosneft Russian oil companies    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Olympus Fest  Russian Book of Records  Russian tourism  Alexey Uchitel  elections in Russia  Moscow actions  Tatyana Tolstaya  Online Events  Archeological Finds  Comics  Konstantin Malofeev  Russian Cinema  Rostov Region  US sanctions  Yekaterina Trubetskaya  Art Exhibitions  Vyacheslav Lebedev  buy Russian designers  Domodedovo  Exhibitions in Moscow  Russian business  Fabio Capello  Spartak Moscow  Dagestan Republic  Valery Chkalov  Aeroexpress  Shadows  Slantsy  Russian science  sport events  Kaluga Region  Orsk  Sergei Filin   Moscow hotels  Moscow Theatres  Russian travellers  Monuments in Moscow  Russian scientists  St. Petersburg  FIFA World Cup   Ossetia  ROSCOSMOS  Russian economy  Yury Shevchuk  Mercedes-Benz Fashion Week Russia  Emperor Nicholas II  Astrakhan  Chelyabinsk meteorite  Vorkuta  Moscow 


Travel Blogs
Top Traveling Sites