M&A Deal Summary |
|
|---|---|
| Date | 2016-08-23 |
| Target | Arctic Oil |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Urals Energy |
| Sellers(s) | Zarubezhneft |
| Deal Type | Divestiture |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Oil/Gas Exploration |
| Revenue | 27M GBP (2015) |
Urals Energy is an independent oil company with its operating assets located in Russia. Urals Energy's main exploration and production operations are on the Kolguyev Island based in Timan Pechora and on Sakhalin Island. The Company is currently producing on average approximately 2 kbopd from Petrosakh and Arcticneft with 100% of production being refined in Petrosakh and 100% being exported in Arcticneft. Urals Energy was founded in 2003 and is based in Nicosia, Cyprus.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Oil/Gas Exploration) | 3 of 3 |
| Type (Divestiture) | 1 of 1 |
| Country (Russia) | 3 of 3 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-19 |
BVN Oil
Russia BVN Oil Limited provides oil and gas exploration services. BVN holds an exploration license for the Babayevsky area which is valid until 2018. The license covers a total area of 502 sq km and is located 12 km from the nearest oil terminal. |
Buy | - |
Zarubezhneft is a Russian oil & gas company of strategic importance acting for the state’s benefit, consistently developing and possessing a rich history and unique experience of foreign economic activity. Company mission is to exploit producing oil & gas fields in Russia and abroad ensuring a maximum effective and integrated recovery of hydrocarbon resources.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Russia) | 1 of 1 |
| Year (2016) | 1 of 1 |
