Gazprom, OMV Scrap Asset Swap Deal

摘要

Russia’ s Gazprom won’t receive a stake in OMV’s Norwegian offshore upstream assets because of opposition to the deal in Oslo, the Austrian company’s CEO Rainer Seele said last week. The swap, first agreed in 2015, has now become a sales and purchase agreement, under which OMV will buy a 24.98% stake in Gazprom’s project to develop Blocks 4A and 5A of the Achimov formation of the Urengoi field in West Siberia. OMV and Gazprom signed a basic agreement in St. Petersburg on Oct. 3 and plan to strike a final deal in early 2019.