Urals | Materials, extraction

TNK-BP and Gazprom-Neft to set up $600m JV

3 Mar '10
Russian-British oil giant TNK-BP and Gazprom-Neft (Gazprom-Oil) intend to set up a JV to carry out $600m geological exploration works at Messoyakhinsky deposit in Yamalo-Nenets Autonomous District, news agency RIA Novosti reports.

The parties are reportedly to participate in the JV on a 50/50 basis.

Geological exploration works are scheduled to be carried out within three years.
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Tags: TNK BP (71) / oil (566) / Gazprom Neft (25) / Messoyakhinsky deposit (0) /

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