Gulf Oil and Gas accountACCOUNT

Petrogrand Concluded Cooperation Agreements with Gazprom Neft

Source: www.gulfoilandgas.com 2/21/2014, Location: Asia

Petrogrand AB and Gazprom Neft have entered a cooperation agreement to jointly work for the exploration of the license area Nizhnepaninsky and Muromsky 2.

Gazprom Neft according to the agreement is to finance 100 percent of the exploration activities to be established for the two blocks, including the drilling of wells.

In return, the parties have agreed that Gazprom Neft has an option to acquire 100% of Petrogrand's subsidiary Petrogrand EP LLC and Petrogrand Invest LLC, who owns the respective licenses. The price to be paid for such acquisitions shall be based on the amount of reserves discovered through exploration.

Exploration work is planned to take place during the winter period in 2014/15 and will involve the construction and drilling of new exploration and appraisal wells in the license area Nizhnepaninsky and Muromsky 2.

The final agreement requires approval by the Board of Directors.

Exploration News in Russia >>

United Kingdom >>  4/9/2019 - AIM-listed Egdon Resources has announced the results of a Competent Person's Report ('CPR') prepared by Schlumberger Oilfield UK in relation to the Re...
Australia >>  4/8/2019 - Carnarvon Petroleum and its Joint Venture partner and Operator, Santos, have moved quickly to appraise the Dorado discovery made in the third quarter ...

Oman >>  4/8/2019 - Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed a Heads of Agreement (HoA) for the award to Total of an exploration l...
Egypt >>  4/7/2019 - Minister of Petroleum and Mineral Resources Tarek el Mullah conferred with his Saudi counterpart Khaled el Faleh on means of boosting joint cooperatio...

Lebanon >>  4/5/2019 - The Lebanese government has approved the opening of the country’s much-anticipated 2nd offshore licensing round. Interested companies will be expected...
Colombia >>  4/4/2019 - The Arrecife 1ST well proved the presence of gas in the Municipality of Pueblo Nuevo, Cordoba. The Arrecife well is part of the Exploration and Produc...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

Oil & Gas Projects in Russia >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.