RUSSIA

Sprint seals Siberian deal

SPRINT Energy has formally wrapped up the acquisition of a 74% stake in OOO Bakcharneftegaz, and therefore Licence Block 71-1, cementing its entry into Siberia.

James McGrath

It told the market this morning that it had wrapped up due diligence on the deal and signed all relevant paperwork. The 71-1 block is 34sq.km, with production immediately to the west of the permit reaching...

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