Repsol and Alliance Oil have Commenced Gas Production from the Syskonsyninskoye Field
Repsol and Alliance Oil have begun commercial gas production from the Syskonsyninskoye (SK) field in the Khanty-Mansiysk region of Russia, marking the first success of the A&R Oil and Gaz BV (AROG) joint venture created to explore for and produce hydrocarbons in Russia. Initial daily gas production is 855,000 cubic …
Alliance Oil: Revenues up 12%, Profit up 26%
Quarter ended 31 December 2012 Revenue of MUSD 908.7, up 10% from Q4 2011. EBITDA of MUSD 169.2, down 28% from Q4 2011. Profit before tax of MUSD 167.8, up 6% from Q4 2011. Profit for the period of MUSD 129.9, up 9% from Q4 2011. Year ended 31 December …
Alliance Oil: Launches Gas Production at the Ust-Silginskiy Field
Alliance Oil Company Ltd has completed infrastructure development and launched gas production at the Ust-Silginskiy field in the Tomsk region. The Company has started delivering gas via a 43-kilometer pipeline from the field to the Gazprom trunk pipeline. A gas sales contract has been signed with Gazprom’s subsidiary. A gas …
Alliance Oil Wins Alfinski License
Alliance Oil won the auction for the Alfinski exploration and production license. The Company will pay approximately MUSD 0.5 for the license to be awarded by the Russian Federal Agency Rosnedra — The Alfinski license block is located in the Timano-Pechora region in Northern Russia close to the Company’s existing …
Alliance Oil: Successfully Completes Share Offering
Alliance Oil has successfully completed the largest preference share offering in Scandinavia in recent years. The transaction has received interest from about 4,500 investors and Company shareholders in total with solid demand both among institutional (about two thirds of demand) and retail investors (about one third of demand). Demand was …
Alliance Oil Acquires LLC “SN-Gazdobycha” and Expands Operations in Tomsk Region
Alliance Oil Company has signed an agreement to acquire 100% of the shares in LLC “SN-Gazdobycha” for 128 MUSD, which primarily will be funded from existing cash and from debt facilities. SNGD holds two gas licenses covering an area of about 1,323 square kilometers located approximately 55 kilometers west of …
Alliance Oil Purchases GeoInvestService for 30m USD
Alliance Oil Company has signed an agreement to acquire LLC “GeoInvestService” for 30 million US dollars. LLC “GeoInvestService” holds an exploration license for the West-Osoveiskoye block in the Timano-Pechora region in Northern Russia. The license will be integrated into the Company’s Kolvinskoye oil field operations and development plans. The acquisition is pending Federal Antimonopoly Service …
Summary from Alliance Oil Company’s AGM
Alliance Oil Company Ltd’s shareholders gathered in Stockholm yesterday for the Annual General Meeting (AGM). The AGM adopted the income statements and balance sheets for the company and the group. The AGM resolved to re-elect board members Mr Fred Boling, Mr. Arsen Idrisov, Mr. Raymond Liefooghe, Mr Claes Levin, Mr Isa Bazhaev, Mr …
Alliance Oil annual report for 2011
Supported by higher oil prices and increased demand for oil products, Alliance Oil Company’s operations further expanded in 2011. Oil production, refining volumes and the financial results reached the highest levels in the Company’s history and significant achievements were made towards the long-term development of the business. In the upstream …
Alliance Oil: Oil Production Up 12% and EBITDA Up 57%
In 2011, the improved macro environment supported our operations and financial performance. The price of Urals increased by almost 40% year-on-year and the Russian Rouble strengthened against the US Dollar by 3.2%. New tax initiatives aimed at stimulating Russian upstream production and enforcing refinery modernizations were adopted last year. Alliance Oil Company’s oil production …