The process will involve Gazprom passing its 100% stake in Prirazlomnoye operator Gazpromneftshelf to Gazpromneft, avoiding the need for the new owner to go through the lengthy process of obtaining a new development licence.
Gazprom did not reveal the price of the deal, but Gazpromneft executives said earlier that their company will not need to take on take new debt.
Instead, payments will be made in installments from operating earnings from the sale of oil produced at the Prirazlomnaya platform.
The
