M&A Deal Summary

Urals Energy Acquires RK-Oil

On November 19, 2015, Urals Energy acquired oil/gas exploration company RK-Oil

Acquisition Highlights
  • This is Urals Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Urals Energy’s 2nd transaction in Russia.

M&A Deal Summary

Date 2015-11-19
Target RK-Oil
Sector Oil/Gas Exploration
Buyer(s) Urals Energy
Deal Type Add-on Acquisition

Target

RK-Oil

Russia
RK-Oil Limited provides oil and gas exploration services. RK holds an exploration and production license for the Ordymsky area, which is valid until 2040. The license covers a total area of 445 sq km, and is located 7 km from the nearest oil terminal.

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Buyer(S) 1

Buyer

Urals Energy

Nicosia, Cyprus

Category Company
Founded 2003
Sector Oil/Gas Exploration
Revenue 27M GBP (2015)
DESCRIPTION

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 2 of 3
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Russia M&A 2 of 3
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 Arctic Oil Co.

Russia

Arctic Oil Co. Ltd. owns and operates oil field and offers crude oil production services. ANK produces 340 bbls/day and has recoverable reserves registered with the Russian State Authorities of 16 million barrels of C1 plus C2, equivalent to 2P.

Buy -