Gazprom farms into Cuba

摘要

Russia’s Gazprom Neft, the oil unit of Gazprom, has sealed a farm-in deal for a 30% stake in a Production Sharing Contract (PSC) for four blocks in the Gulf of Mexico offshore Cuba with Malaysia’s state-owned Petronas. Under the deal, Gazprom Neft will have a 30% stake and Petronas will retain 70% in the PSC.