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

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.

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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

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This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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