VOL. XLV

No 4

28-January-2002

CASPIAN

Russias Yukos Acquires MajorStake In Kazakstans Fedorovskoye Block

Russias second largest oilproducer, Yukos Oil, announced on 22 January that it had acquired a 77.5% sharein Kazakstans onshore Fedorovskoye block from Houston-based FirstInternational Oil Corp (FIOC). A statement released by Yukos said that as newoperator it plans to carry out a seismic survey in the 3,200 sq km block during2002 and would spud its first exploration well in 2003. The minimum...