PJSC Gazprom Adr. (OGZPY)

[mick]

OIL field for $1.85B

Mar. 6, 2017 9:51 AM ET|About: OMV AG (OMVJF)|By: Carl Surran, SA News Editor
Austrian energy company OMV (OTC:OMVJF) agrees to acquire a ~25% stake in the Yuzhno Russkoye natural gas field located in western Siberia from Germany's Uniper for ~€1.75B ($1.85B).

OMV CEO Rainer Seele says the acquisition builds a new core area in Russia for the company and adds 100K boe to its production portfolio.

Uniper operates in the field through a joint venture with Russia's Gazprom (OTCPK:OGZPY) and Germany's Wintershall.

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