5. Field management purposed to enhance its value

May 20th, 2010

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).