Wingas to buy Roc's Saltfleetby gas field

Dec 21, 2004 01:00 AM

Wingas, a joint venture between Gazprom and Wintershall, agreed to buy Roc Oil's Saltfleetby natural gas field in the UK for £ 44 mm ($ 86 mm), Roc said.
Roc will post a A$ 72 mm ($ 54.9 mm) net profit on the sale, which is expected to be completed in January, Sydney- based Roc said.

Saltfleetby, the UK's largest onshore gas field, has produced 54 bn cf of gas since it started up in late 1999, Roc said.

Source: Bloomberg
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