Austria’s OMV is to pay Gazprom around $1 billion for a stake in the Russian gas monopoly’s blocks hosting the Achimov formation in West Siberia, writes Eoin O'Cinneide.
The two partners are also aiming to finalise a field development plan for the gas and condensate play by the end of this year.
The pair signed an agreement at the St Petersburg International Economic Forum last week that is set to hand OMV a 24.98%
