OMV purchases a 25% stake in the Yuzhno Russkoye gas field in Western Siberia, gains 100 MBOEPD
OMV Aktiengesellschaft (ticker: OMG), an Austrian integrated oil and gas company, announced Sunday that the company purchased a 24.99% stake in the Yuzhno Russkoye gas field in Russia, creating a new core area for the company’s upstream business. OMV anticipates the new assets will add 100 MBOEPD of production to its portfolio, which produced 311 MBOEPD in 2016, according to the company.

The gas field, located in Western Siberia, was purchased fr...


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