OMV and Gazprom-new deal-web.jpg

OMV looks to buy Gazprom's Siberian assets

Oct 04, 2018
1 min read
Print this page

Austria's OMV and Russia's Gazprom has signed a basic sale agreement regarding the potential acquisition by OMV of a 24.98 per cent interest in Gazprom's Achimov IV and V phase development in Siberia, Russia.

The deal will see a potential acquisition of the Achimov IV and V phase development in the Urengoy gas and condensate field by OMV for a purchase price to be negotiated in good faith, the Austrian firm said in a statement.

The basic sale agreement replaces the basic agreement concluded between OMV and Gazprom on December 14, 2016 which provided for a potential asset swap of the aforementioned interest against a 38.5 per cent participation of Gazprom in OMV’s Norwegian subsidiary. This is no longer happening.

The signing of the final transaction documents is expected in the beginning of 2019.


dmg events Global Energy Exhibitions & Conferences