Lukoil adds Samara-Nafta to its E&P stable

摘要

Moscow-Russia's second largest crude pro- ducer Lukoil agreed to buy Samara-Nafta, an exploration and production company in Rus- sia's Volga-Urals region, from US-based Hess on April 1, in a deal worth $2.05 billion. Hess had said in November that it was planning to sell the subsidiary, which produces 50,000 barrels/day of oil equivalent, as part of an ongoing review of its asset portfolio. It owns Samara-Nafta via its 90% stake in Trabant Hold- ings International, which controls Samara-Nafta.