Rosneft Sells Stake in Vankor Oilfield to CNPC

Rosneft announced late Sunday that it has signed a framework agreement with CNPC that will see the Chinese company purchase a 10-percent stake in ZAO Vankorneft – a Rosneft subsidiary that operates the Vankor oilfield in northeast Siberia.

The Vankor oilfield is located in the Turukhanskiy region. It covers some 155 square miles and contains recoverable reserves estimated at 3.6 billion barrels of oil and 6.4 trillion cubic feet of gas.

The deal was signed by Rosneft Chairman Igor Sechin and CNPC Chairman Zhou Jiping at the APEC (Asia-Pacific Economic Cooperation) summit in Beijing.

Commenting on the signing, Sechin said:

"Today's reached agreement show the systematic development of the large-scale cooperation with our Chinese partners, including the upstream area in the Russian Federation."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
 
Social Media Specialist
Expertise: Graphics Design|Marketing|PR / Corporate Communications
Location: Houston, TX
 
Brownfield Project Manager
Expertise: Pipeline Engineering|Project Management
Location: Houma, LA
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours