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 ...

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

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Samara-Nafta blocks and LUKOIL infrastructure
  • Samara-Nafta production and capital costs
  • LUKOIL liquids production and Samara-Nafta oil production from its acquisition

Tables

  • Executive summary: Table 1
  • 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

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