Deal Insight
Hess sells its Russian subsidiary Samara-Nafta to LUKOIL for US$2.05 billion
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Report summary
The deal marks Hess' exit from Russia - the latest move in a disposal programme that has already seen the company sell interests in the UK, US and Azerbaijan, for over US$2.5 billion.Samara-Nafta is 90% owned by Hess, with remainder held by CEO, Simon Kukes. The company operates 23 blocks and more than 60 fields in the prolific Volga-Urals oil province in Russia. Current production is 50,000 b/d of oil, making Samara-Nafta the second largest producer in the Samara region.Competition for ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Hess
- LUKOIL
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Samara-Nafta blocks and LUKOIL infrastructure
- Samara-Nafta production and capital costs
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- LUKOIL liquids production and Samara-Nafta oil production from its acquisition
What's included
This report contains:
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