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Rosneft

Company Summary

Description

Mehsin Nseir Rosneft is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow's Balchug district near the Kremlin, across the Moskva River

Website

https://www.rosneft.com/

Operational Regions

  • Worldwide

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Company Transactions

Date: 12/30/2020
Type: Acquisition

BUYERS:
  • Trafigura Ag
    • SELLERS:
  • Rosneft
    • DETAILS:
    NOTES:
    Trafigura has acquired a 10% stake in Rosneft's Vostok Oil Project in the Arctic, financing the deal with long-term debt financing and not disclosing the price paid. Trafigura will now have long-term access to production from the project, which is estimated to hold 44 billion barrels of oil and condensate resources. Some estimates have valued the entire project at >$70 billion, but extensive development is needed before first production comes online.
    REGIONS:
  • Russia

    • Date: 12/11/2020
    Type: Acquisition

    BUYERS:
  • Equinor ASA
    • SELLERS:
  • Rosneft
    • DETAILS:

    COST: 550 $MM

    NOTES:
    Equinor has reached a deal with Russia's Rosneft to acquire a 49% position in twelve onshore E&P licenses across eastern Siberia for $550 million. The licenses include the North Danilovsky development, which is on pace to produce 40 Mbbl/d by 2024 and then expand to 70 Mblb/d.
    REGIONS:
  • Russia