Volga Gas plc, through its subsidiaries, acquires, explores for, develops, and produces gas, oil, and condensate fields in the Saratov and Volgograd regions of European Russia. It holds 100% interests in the Karpenskiy license covering an area of 4,180 square kilometers located in the Saratov region; Vostochny Makarovskoye (VM) license that covers an area of 17.8 square kilometers in the Volgograd region; Dobrinskoye license located near to its VM license; and Urozhainoye-2 license totaling an area of 354 square kilometers located to the north of its Karpenskiy license area. As of December 31, 2016, the company had proven and probable reserves of 38.405 million barrels of oil equivalent comprising 12.153 million barrels of oil and condensate; and 131.5 billion cubic feet of natural gas. Volga Gas plc was incorporated in 2006 and is based in London, the United Kingdom.
Sector: Oil & Energy
Year Established: 2006