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:
Heroism   Russian economy  Art Group Voina  Exhibitions in Moscow  Russian Ice Shows  SSJ 100 crush  Charity  Mikhail Sholokhov  Russian souvenirs  Poland  Russian tourism  Darwin Museum  Moscow manors  Russian Arctics  Russian business  Russian science  children  Konstantin Lopushansky  DNR  Kaluga  Russian journalists  India  Crowdfunding  Moscow parks  S  Russia international  Russian Nature  Russian scientists  Moscow  Events in St. Petersburg  Moscow fairs  Novosibirsk  Candy Wrappers  education  Brass Band Festival "Fanfares"  Volgograd  IID  Russian Health Cuisine  Russian tourists  investment  Ryazan  Vladivostok  Moon   Russian television  Russian Cinema  St. Petersburg  satellite  Vincent Van Gogh  Mercedes-Benz Fashion Week Russia  Russian International 


Travel Blogs
Top Traveling Sites