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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Gazprom Swaps Assets with BASF

Basf Se Gazprom Neft
AnnouncedNov 14, 2012
TypeProperty
Announced Date
November 14,2012
Effective Date
April 01,2013
Close Date
September 30,2015
Transaction Type
Property




Snapshot
Asset/Basin:
{"West Siberian Basin","Urengoy field"}
TargetZones:
{"Achimov formation
Location
Country
Russian Federation


Transaction Details:  Subscribe to see

Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, and Alexej Miller, Chairman of the Management Committee of OAO Gazprom, today signed a legally binding basic agreement to swap assets of equivalent value. Through the swap, BASF aims to further expand its production of oil and gas and to exit the gas trading and storage business. Subject to the approval by the relevant authorities, the transaction is to be completed by the end of 2013 and financially retroactive to April 1, 2013.

Through the agreement, two additional blocks of the Achimov formation of the Urengoi natural…

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