A share in the Kovykta gas and condensate field development project (subsoil user – RUSIA Petroleum Company) was owned by Interros Holding Co., representing a non-core business for this company.
During several years, ERTA Group was supporting the decision-making process of the company’s Board of Directors concerning this field.
Decisions made with our assistance included:
- Selection of contractors;
- Budget approval;
- Results of field geological exploration;
- Negotiations with Gazprom and local authorities;
- Negotiations on gas supplies to China;
- Current budget approval;
As a result, the market value of the field enhanced substantially, and the asset was sold. ERTA experts participated in the sales process, performing the following tasks: determination of the list of potential buyers; elaboration of the investment memorandum; data room organization.
The similar management project was realized for Metalloinvest Holding Co. at the Yurubcheno-Tokhomskoye oil field (subsoil user – East-Siberian Oil and Gas Company).