OREANDA-NEWS. July 03, 2012. "Zarubezhneft" JSC became majority shareholder of "Arktikmorneftegazrazvedka" JSC with participation interest equal to 100% of shares less one share. On May 31, 2012 shares of "Arktikmorneftegazrazvedka" JSC were posted to personal account of "Zarubezhneft" JSC in share register of "Arktikmorneftegazrazvedka" JSC.

"Arktikmorneftegazrazvedka" JSC was founded in 1979 for prospecting, exploration and development of oil and gas fields on the Russian Arctic Seas shelf. The geography of the company`s activity includes Europe, Africa and South-East Asia waters. The main types of activity are drilling of prospecting and exploratory well, support of drilling rigs, bunkering of vessels on the roads, search-and rescue operations, participation in salvage operations.