Alliance Oil Interim Report for the Quarter and Nine Months Ended 30 September 2012
Quarter ended 30 September 2012 — Revenue of MUSD 904.3, up 14% from Q3 2011. — EBITDA of MUSD 214.0, up 23% from Q3 2011. — Profit before tax of MUSD 169.9, up 102% from Q3 2011. — Profit for the period of MUSD 132.0, up 109% from Q3 2011. …
Repsol and Alliance Oil complete the first phase of their exploration and production joint venture in Russia
Alliance Oil Company has transferred its upstream company Saneco to the joint venture with Repsol. Repsol contributed $37 million in cash to the joint venture and paid $36 million in cash to Alliance Oil. Alliance Oil holds a 51% stake and Repsol has a 49% stake in the joint venture. …
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 …
Alliance Oil increases production by 38%
Alliance Oil Company’s total upstream volumes for 2011 increased by 12% to 17.9 mbbl (49,100 bopd) from 16.0 mbbl (43,800 bopd) in 2010. The full year development and exploration program resulted in 56 new wells. The preliminary refining volumes in 2011 increased by 13% to 26.9 mbbl (73,700 bopd) from 23.7 mbbl (64,900 bopd). …
REPSOL TO ACQUIRE EUROTEK, A RUSSIAN EXPLORATION AND PRODUCTION COMPANY
REPSOL TO ACQUIRE EUROTEK, A RUSSIAN EXPLORATION AND PRODUCTION COMPANY — Repsol purchases Eurotek, an exploration and production company with assets in the Russian Federation for a cash consideration of, US$230 million, approximately. — Among the acquired assets there are two gas fields: Syskonsyninskoye (SK), which is at an advanced …
ALLIANCE OIL AND REPSOL REACH AN AGREEMENT TO FORM AND GOVERN RUSSIAN EXPLORATION AND PRODUCTION JOINT VENTURE
Alliance Oil Company Ltd and Repsol Exploración, S.A. have reached an agreement to form and govern a joint venture for exploration and production growth in Russia. Further to the agreement, Alliance and Repsol envisage establishing a joint venture with a total asset base of approximately $840 million following asset and …