Deal Insight

OMV acquires a 24.99% stake in South Russkoye from Uniper for US$1.85 billion

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

13 March 2017

OMV acquires a 24.99% stake in South Russkoye from Uniper for US$1.85 billion

Report summary

OMV is adding over 100,000 boe/d of net production and cementing Russia as a core strategic region with the acquisition of a 25% stake in South Russkoye from Uniper. The company will be joining Gazprom and Wintershall in the project, building upon the commercial relationships of OMV's CEO Rainer Seele, who used to head up Wintershall. The South Russkoye field lies in the Yamal-Nenets region of West Siberia, which is Russia's core gas producing area. The field is onstream, and production has reached its plateau of 2,434 mmcfd (25 bcm annually). South Russkoye feeds gas into the Nord Stream pipeline and is an important supplier to Europe. Though development of additional, more complicated horizons is expected, South Russkoye should prove to be a cash cow for the company. This cash can be funnelled towards development of Urengoiskoye Achimov IV/V, which OMV is accessing through a previously-announced swap with Gazprom.

Table of contents

Tables and charts

This report includes 7 images and tables including:

  • 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

What's included

This report contains:

  • Document

    OMV acquires a 24.99% stake in South Russkoye from Uniper for US$1.85 billion

    PDF 293.68 KB