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Bashneft Wins Trebs and Titov Oil Fields

Source: Reuters 12/2/2010, Location: Asia

Russian mid-size oil producer Bashneft (BANE.RTS) has won the licence to develop Russia's giant Trebs and Titov oil fields in the Arctic, Interfax reported on Thursday.

Bashneft became the only contender in the bid for the fields, which contain an estimated 200 million tonnes of oil reserves, after rival bidders Surgutneftegaz (SNGS.MM) and TNK-BP (TNBPI.RTS) were disqualified.

A Bashneft spokeswoman said it could not comment as the company has not yet received a "formal confirmation".

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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