Inga, JSC

History

2023: NNC buys out Inga JSC from Trust Bank

On December 12, 2023, it became known that the Independent Oil and Gas Company (NOC) acquired the oil-producing structures of Inga JSC and Trans-Oil JSC at an auction from the bank of non-core assets Trust. The transaction value is approximately 20 billion rubles.

Both named companies are registered in the Khanty-Mansi Autonomous Okrug (Khanty-Mansi Autonomous Okrug). Inga owns licenses for oil and gas production at the Pottymsko-Inginsky and East-Inginsky sections of the Krasnoleninskoye field in the western part of the Khanty-Mansi Autonomous Okrug-Yugra. In turn, Trans-Oil has permission for production at the Palyanovsky site in the southeastern part of the Krasnoleninskoye field. The companies have all the necessary infrastructure for production, including a booster pump station with an oil processing unit, as well as a delivery point to the main pipeline. Recoverable reserves in these areas are estimated at 127 million tons of oil and 23 billion cubic meters of gas.

NNK-Oil acquired at auction from the bank non-core assets "Trust" oil-producing structures of JSC "Inga" and JSC "Trans-Oil"

According to Kommersant the newspaper "," "Trust" received "Inga" and "Trans-Oil" from a private oil company Ruspetro with a parent structure in, London initiating the bankruptcy of its former assets. In March 2023, President Vladimir Putin signed an order that allowed Trust to buy back 100% of the shares of the two companies. After that, the bank was able to sell oil production enterprises at an auction.

It is noted that the total amount of the transaction turned out to be 2.6 times more than the starting price. Interest in the fields was shown by the company Lukoil"," for which the Khanty-Mansi Autonomous Okrug-Yugra is the main oil-producing region. Among other applicants for assets at different times were called Gazprom neft"," Rosneft"" and Surgutneftegas"." However, the NOC, owned by the former president of Rosneft, Eduard Khudainatov offered the highest price and won the auction.^[1]

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