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Advance Capital announces a successful acquisition transaction of 62,3% of CJSC “Uralneftegazprom”

22 Jun
/ 2012

Advance Capital investment bank acted as a financial advisor of investors consortium in the acquisition transaction of CJSC “Uralneftegazprom” 62,3% shares from OJSC “Stroyransgaz”.

Uralneftegazprom performs exploration and development of several oil and gas fields in Orenburg region. Total oil & gas reserves amount to 24 bcm of gas and 23 mn tons of liquid hydrocarbons Extractable reserves amount to 5.8 mn tons of oil, 1.4 th tons of condensate. Current production totals 3.1 th tons of condensate, 1.8 th tons of oil and 29 mmcm of gas per month.

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