License Extension, SLB Results and Joint Broker

Source: www.gulfoilandgas.com 12/7/2015, Location: Asia

Ruspetro plc (RPO), an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, is pleased to announce that the Group's Palyanovo license (held by a wholly owned subsidiary of the Group - OJSC Trans-Oil) due to expire in December 2015 has been extended by the Russian Federal Subsoil Resources Management Agency until the end of the economic life of the field, but not later than December 2165.

The Group, through its wholly owned subsidiaries OJSC INGA and OJSC Trans-Oil, holds the Pottymsko-Inginsky, Vostochno-Inginsky and Palyanovo licenses covering 1,205 km2 in the Khanty-Mansiysk region of Western Siberia.


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


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