International oil companies
have recently concluded the following joint ventures, partnerships and
investments in Russia:
- Exxon Mobil acquired a 30 percent stake
in the $12-billion Sakhalin 1 project.
-
BP created joint venture TNK-BP in a
transaction valued at more than $6 billion.
-
Exxon
and
Chevron Texaco are presently in talks
to buy as much as 40 percent in Yukos, one of Russia's top producers.
- Marathon Oil acquired domestic producer
Khanty Mansiysk Oil Corp. for $280 million.
- Tokyo and Moscow agreed to build a huge
oil pipeline from Eastern Siberia to Nakhodka on Russia's Pacific coast, which
is expected to cost $5 billion to $8 billion.
As we noted
in the opening paragraphs of this page, the oil field market price in Russia
is about $0.70 per barrel for proven recoverable oil reserves. The price in
the United States for oil fieldsof similar potential
is in the neighborhood of $7.00 per barrel. This
price disparity makes Russian oil
fields very attractive investments. The following projects are available.
Project TP3Project
TP2
Timano-Pechorskiy
basin:
The
shareholders of an independent oil company are seeking interested parties to
acquire 100% of the shares of the company.
Proved
recoverable reserves 9.2 mil bbl
Current
production 3,600 bbl/mo (stable for the last 2 years)
Well
production capacity from 70 to 360 bbl/day
Production
layers depth from 1,700 to 2,200 meters
Market
conditions: 70% domestic, 30% export through Transneft
Expert
auditor’s report from Miller & Lents, Ltd is available.
Proved
recoverable reserves 15.8 mil bbl
Current
production 3,600 bbl/mo (stable for the last 2 years)
Well
production capacity from 70 to 110 bbl/day
Production
layers depth 1,700 meters
Market
conditions: 70% domestic, 30% export through Transneft
These
two fields are located 200 km one from the other.
It’s
open for the best offer. The owners are ready to consider sale for combination
of cash & stocks.
The
package information from all area will be available soon.
Project TA1
BUILDING
REFINERIES IN WESTERN SIBERIA
The Tyumen oblast administration has expressed interest in
building two new refineries.
They already dedicated the
sites for the refineries that belong to the Tobolsk city administration
and is located 6 km east of the city. The distance to the main pipe line is 4
km. The area has existing facilities providing energy,
heat, steam, and sewage system, with the capacity sufficient to process up to 5
million tons crude oil per year. The actual processing capability of the
refinery should be from 2.5 to 5 million tons per year.
The administration has an agreement with Surgutneftegas about
supplying crude oil to the refinery.
Petroleum products from the refinery will satisfy the demand
of the southern part of the Tyumen region that equals 1.5 million tons. Taking
into account that there is no refinery in the Khanti-Mansisk and Yamalo-Nenetsk
autonomous districts, the total consumption need of the Tyumen region can be
estimated at 2.5 – 3.0 million tons per year.
The second refinery should process propane and butane
produced by the existing Tobolsk refinery. The total volume of propane and
butane is 4 million tons per year. The proportion of propane and butane can be
changed according to the consumer request. It could be 50/50 or 30/70 or pure
propane and butane.
The Tyumen area administration will support the company that
will build the refineries. The company will have 100% of ownership with the
right to export the petroleum products.
Project TA2
DEVELOPMENT
of PEAT RESERVES IN TYUMEN AREA
AMROS Corporation looking for a partner for the development
unlimited peat reserves in the Tyumen region. AMROS Corporation has full support
of Tyumen area administration in the development of the peat field. We are
looking for a partner from the Middle East who will be interested in developing
and exporting to his country peat mass.
The peat mixture with perlite and vermiculite create
artificial soil. These components are free of pests because they are naturally
sterile. They do not stick together and are well aerated so the soil drains
freely. Artificial soil can be created also through combination of
sand, clay and peat.
In
Saudi Arabia Al Madinah city artificial soil is used particularly in the
planting of the date palm.