Alliance Oil Wins E&P License in Timano-Pechora
Source: www.gulfoilandgas.com 12/19/2012, Location: Asia
Alliance Oil won the auction for the Alfinski exploration and production license. The Company will pay approximately MUSD 0.5 for the license to be awarded by the Russian Federal Agency Rosnedra.
The Alfinski license block is located in the Timano-Pechora region in Northern Russia close to the Company’s existing operations and covers an area of about 154.5 square kilometers.
The license block’s resources are estimated at approximately 61.1 million barrels of oil (8.4 million tons) under Russian reserve classification (D1+D2).
“We continue to build up the Company’s resource base in Timano-Pechora. In this region, the Company has developed significant experience and infrastructure to support further growth in coming years” says Arsen Idrisov, Managing Director of Alliance Oil Company Ltd.
The Alfinski license block is located in the Timano-Pechora region in Northern Russia close to the Company’s existing operations and covers an area of about 154.5 square kilometers.
The license block’s resources are estimated at approximately 61.1 million barrels of oil (8.4 million tons) under Russian reserve classification (D1+D2).
“We continue to build up the Company’s resource base in Timano-Pechora. In this region, the Company has developed significant experience and infrastructure to support further growth in coming years” says Arsen Idrisov, Managing Director of Alliance Oil Company Ltd.
Poland >> 1/17/2025 - GoldenPeaks Capital (“GPC”) has further expanded and strengthened its commitment to the Polish solar energy market by successfully acquiring further 4...
United States >> 1/17/2025 - Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 2...
United States >> 1/16/2025 - Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with EDP Renewables North America LLC (“EDPR NA”), to purchase a ...
Canada >> 1/15/2025 - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-criti...
United States >> 1/15/2025 - onsemi (Nasdaq: ON) today announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technolog...
Colombia >> 1/14/2025 - GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Lat...
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 Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
Related Articles: Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
More News
GoldenPeaks Capital Acquires 400MW of Ready-to-Build Assets from December 24 to January 25
Kimbell Royalty Closes $230M Acquisition of Midland Basin Mineral in Cash Transaction
Plenitude Signs Agreement with EDP to Acquire Two Photovoltaic plants & Storage Facility in US
BTQ Technologies Acquires Computing-in-Memory Intellectual Property from Cimtech Technology
onsemi Completes Acquisition of Qorvo’s Silicon Carbide JFET Technology Portfolio
Fincantieri Completes the Acquisition of Leonardo's UAS Underwater Business
GeoPark Terminates Acquisition of Repsol's Oil and Gas Assets in Colombia
Vår Energi Awarded 16 NCS Licences
