Indian Oil thought about buying Rosneft 5-10% in the Vankor

Moscow. On 2 November. Indian state-owned Indian oil Corp (IOC) has expressed interest in buying Rosneft stake in the Vankor field, writes The Economic Times citing informed sources. According to the newspaper, the Indian company plans to purchase 5-10% in the project.

In addition, participation in Vankor project is interested in Bharat Petroleum Corp Ltd.

IOC sent a letter to Rosneft with the opportunity to buy 5-10% in the Vankor under the same conditions, ONGC Videsh Ltd agreed with the Russian company.

In “Rosneft” has not yet managed to get comment on this issue.

As reported, in September, “Rosneft” has signed with the ONGC contract for the sale of 15% of JSC “Vankorneft”. The deal is still not closed, write the Indian mass-media. A source familiar with the deal told the Agency of oil information (ANI), ONGC buys from Rosneft 15% of shares of “Vankorneft” for $1,275 billion Under the deal, Rosneft retains control over the infrastructure of the Vankor cluster. It is assumed that will be created by the operating company that will manage the Vankor field and other license areas in the region.

“Rosneft” in the first quarter of 2014 brought Vankor field on the “shelf” production to 444 thousand barrels./day or 22 million tons per year. Earlier it was planned that the Vankor oil field will be released on “the shelf” production to 25 million tons in 2013 compared to 18 million tons of oil in 2012. But after buying TNK-BP in 2013, Rosneft has revised the project to include the neighboring Vankor cluster of fields, which NC as a result of the transaction – Suzunskoye, Tagulskoye, and Lodochnoye.

At the present time on the basis of the Vankor field, Rosneft is forming a new oil and gas province, including Suzun, Tagul, Boat deposits, as well as at kuyumbinskoe and Yurubcheno-Tokhomskoye in Eastern Siberia, Srednebotuobinskoe and in Yakutia. These deposits will provide up to 2020 additional production to 30.9 million tons of oil and more than 8 billion cubic meters of gas.

The Vankor oil is transported by oil pipeline Vankor-Purpe length of 556 km. the Oil produced at the field is one of the main sources to fill the pipeline Eastern Siberia-Pacific ocean (ESPO).