Gazprom Neft Buys Two Hydrocarbon Fields In Western Siberia

OAO Gazprom Neft, 90%-owned by parent company OAO Gazprom , said Tuesday it has bought two oil fields in Western Siberia's Yamalo-Nenets Autonomous Region.
Dow Jones Newswires
Τρι, 27 Νοεμβρίου 2007 - 05:18
OAO Gazprom Neft, 90%-owned by parent company OAO Gazprom , said Tuesday it has bought two oil fields in Western Siberia's Yamalo-Nenets Autonomous Region.

The company didn't disclose financial details of the transaction but said its new oil fields, North-Romanovsk and Ortyangunsk, are situated close Gazprom Neft's existing oil fields in the area.

The extractable reserves at the North-Romanovsk oil field total 1.688 million metric tons, or the equivalent of 12.4 million barrels, of C1 class crude oil and 2.08 million tons, or 15.3 million barrels, of C2 class crude oil, Gazprom Neft said.

The field also contains 332 million cubic meters of C1 class and 691 million cubic meters C2 class dissolved natural gas reserves.

The extractable oil reserves of the Ortyangunsk field are estimated at 5.5 million tons, or 40.3 million barrels, without specifying the grade, the company said, adding that it is planning to carry out detailed seismic geological research of this field to assess its capacity.

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