RusPetro

RusPetro
Public (LSE: RPO)
Industry Petroleum
Founded 2007
Headquarters London , UK
Key people
 Christopher Clark, (Chairman)
Donald Wolcott, (CEO)
Revenue US$23.7 million (2011)[1]
US$(19.5) million (2011)[1]
US$(61.2) million (2011)[1]
Website www.ruspetro.com

RusPetro plc (LSE: RPO) is an independent oil and gas producer operating in the central portion of the Krasnoleninsk field in Western Siberia. It is listed on the London Stock Exchange.

History

The company was founded by Vladimir Marchenk in Cyprus in 2007 and was subsequently known as Petroltech Holdings until June 2011 when it became RusPetro Holdings.[1] It made its Initial Public Offering in January 2012.[2]

Operations

The company has recently completed a well in the Krasnoleninsk field producing 700 barrels of oil per day; an additional well is now being drilled.[3]

Ownership

The company is 29% owned by management and 48% by Limolines (which is half owned by Andrey Likhachev, chairman of tycoon Oleg Deripaska's power unit EuroSibEnergo and half owned by investment fund Altera Capital).[4]

References

  1. 1 2 3 4 Ruspetro Prospectus
  2. ↑ RusPetro debuts on London market Upstream, 24 January 2012
  3. ↑ London-listed RusPetro has spudded the latest development well on its Krasnoleninsk oilfield in Russia’s West Siberian basin Upstream, 14 March 2012
  4. ↑ Ruspetro raises $250 million in London IPO - sources Interactive Investor, 18 January 2012
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