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Gazprom Buys TNK-BP Field For?$770M

Russian state gas company, Gazprom, has acquired the Siberian Kovykta gas field from BP’s Russian joint venture, TNK-BP.

    Russian state gas company,Gazprom, has acquired the Siberian Kovykta gas field fromBP’s Russian joint venture,TNK-BP,金融时报》reports. Gazprom has paid about $770 million for the transaction.

    The TNK-BP unit that holds the license to the field,Rusia Petroleum, filed for bankruptcy in June 2010, addsThe Wall Street Journal. The field contains about 2,000 billion cubic metres of gas.

    Click here for the story from金融时报》.

    Click here for the additional coverage fromThe Wall Street Journal.

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