Sibir soars in Siberia
Article Abstract:
Sibir Energy is a spin-off from Pentex Energy, which holds a 40% stake in the company. Sibir is acquiring a 20% stake in Ugraneft, which also has a stake held by Evikhon, in which Sibir holds 20%, and Dana Petroleum holds 10%. Evikhon has links with Shell. These links should help Sibir, which has interest in five oil fields. Three of these fields are among those to which production-sharing agreements apply. Sibir Energy is seen as a good vehicle for investing in the Russian petroleum industry.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Westmount Energy: the new North Sea
Article Abstract:
Westmount Energy is an oil exploration company with interests in the Falkland Islands fields through a stake of 20% in Desire Petroleum. The company has stakes in 30 blocks in these offshore fields. Westmount is selling interests in the former Soviet Union in order to fund exploration in the Falklands. The Soviet interests should bring in some 300,000 pounds sterling. Westmount also has stakes in the Gulf of Mexico and the North Sea.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Ramco Energy. Ramco: value to be trapped
- Abstracts: Exxon. United Energy: energy on all fronts
- Abstracts: Crest on test. Equities: the new paradigm or teetering on the edge?
- Abstracts: No change from Labour as Beckett backs down. Energy: smooth progress to gas. On the starting blocks
- Abstracts: Ricardo: engine of growth. Quadrant: fight for survival