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Rosneft Acquires 51% Stake in Petroresurs

02 October 2013

Igor Sechin, Rosneft President and Chairman of the Management Board and Ian Lundin, Chairman of the Board of Directors of Lundin Petroleum AB today signed heads of agreement on Rosneft’s acquisition of a 51% interest in Petroresurs LLC.

Commenting on the signing, Igor Sechin said: “The agreements reached will enable the parties to realize the full potential of this promising asset. We hope to continue fruitful cooperation with Lundin on other projects in the future.”

Notes for Editors:

Petroresurs LLC is owned 70% by Lundin Petroleum and 30% by Gunvor Group and holds exploration license for Lagansky offshore license block in the North-Eastern part of the Caspian Sea. With the block area of 3,386 sq. km, the Lagansky license block holds the Morskoye field with recoverable C1 and C2 oil reserves of 5.7 mln tons and 6.3 mln tons, respectively.


Rosneft Information Division
Tel.: +7 (499) 517 88 97
www.rosneft.com 
October 2, 2013

 

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.