Gazprom: Signs Asset Swap Agreement With OMV for the Urengoy Oil, Gas and Condensate Field
As part of the Eastern Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board signed today in Vladivostok an Agreement on terms and conditions of a possible asset swap.
Subject to the swap deal, OMV will acquire a 24.98 per cent stake in the project for developing Blocks 4A and 5A of the Achimov deposits at the Urengoy oil, gas and condensate field in exchange for the participating interest in OMV.
“For many decades Gazprom and OMV have been in a constructive dialogue covering a lot of activities. The Agreement signed today starts a new stage of the cooperation. We are ready to apply all the accumulated experience to make our partnership successful,” said Alexey Miller.
“This Agreement is another step closer to the cooperation with Gazprom along the entire value chain. We purchase Russian gas for our European customers. Together we contribute to the security of supply by implementing the Nord Stream II project. In addition, right now we are broadening our trust-based partnership for producing natural gas in Siberia,” said Rainer Seele.
