Rosneft said on Sept. 3 that China Petrochemical Corporation (Sinopec) had the right to buy a 49 percent stake in its subsidiaries that hold the exploration licenses for Russkoye and Yurubcheno-Tokhomskoye fields.
The option is part of an agreement on cooperation within the proposed joint development of the two oil fields that was signed in Beijing, Rosneft said in a statement.
Recommended Reading
IOG Resources II Buys Non-Op Utica Shale Interests
2025-02-26 - IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Matador’s Stake in San Mateo JV Rises to $1.5B After Pipeline Deal
2024-12-19 - Matador Resources closed a deal adding subsidiary Pronto Midstream to its 51%-owned joint venture with Five Point Energy.
In Busy Minerals M&A Year, Freehold Grabs $152MM Midland Interests
2024-12-10 - Canadian player Freehold Royalties is getting deeper in the Permian with a CA$216 million (US$152 million) Midland Basin acquisition as minerals buyers intensify M&A in the basin.
EQT Closes $1.25B Non-Op Appalachia Divesture to Equinor
2024-12-31 - EQT Corp. said the proceeds of the sale to Equinor were used to repay outstanding borrowings under its revolving credit facility related to its acquisition of Equitrans Midstream Corp.