Sibir soars in Siberia

Article Abstract:

Sibir Energy is a spin-off from Pentex Energy, which holds a 40% stake in the company. Sibir is acquiring a 20% stake in Ugraneft, which also has a stake held by Evikhon, in which Sibir holds 20%, and Dana Petroleum holds 10%. Evikhon has links with Shell. These links should help Sibir, which has interest in five oil fields. Three of these fields are among those to which production-sharing agreements apply. Sibir Energy is seen as a good vehicle for investing in the Russian petroleum industry.

Sibir Energy

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Westmount Energy: the new North Sea

Article Abstract:

Westmount Energy is an oil exploration company with interests in the Falkland Islands fields through a stake of 20% in Desire Petroleum. The company has stakes in 30 blocks in these offshore fields. Westmount is selling interests in the former Soviet Union in order to fund exploration in the Falklands. The Soviet interests should bring in some 300,000 pounds sterling. Westmount also has stakes in the Gulf of Mexico and the North Sea.

Oil and Gas Field Services, Oil & Gas Field Services, Support Activities for Mining, Westmount Energy Ltd.

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