Deal Insight

Hess sells its Russian subsidiary Samara-Nafta to LUKOIL for US$2.05 billion

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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
    • 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:

  • Document

    Hess sells its Russian subsidiary Samara-Nafta to LUKOIL for US$2.05 billion

    PDF 1.26 MB