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OAO NGK Slavneft closed the transaction on OOO Megion-Servis sale

13.09.2011

Within the sale of oilfield services OAO NGK Slavneft completed the procedure for selling OOO Megion-Servis included into the Company’s structure. OAO RU-Energy Group is this oilfield service’s acquirer.
OOO Megion-Servis was the Subsidiary of OAO Slavneft-Megionneftegaz. The enterprise is engaged in major workover and well servicing, chemization of process activities, and enhanced oil recovery jobs. Sidetracking is one of the most in-demand wellwork actions performed by OOO Megion-Servis.
The resolution on the sale of Slavneft’s oilfield services was adopted at the end of 2009. Divestment of the auxiliary structures will enable the Holding to focus its efforts on development of the key operational activities. Slavneft expects that oilfield services’ sale will allow to reduce own costs, support the competition development, and enhance the services’ quality.

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