MOSCOW, May 4 (PRIME) -- U.K. oil producer BP has quit development the Srednelenskoye and Olekminskoye deposits in the Yakutia republic in the framework of its joint venture with Rosneft, Srednelenskoye said in a report Tuesday.
The joint venture with Rosneft Yermak Neftegaz owns Srednelenskoye, which holds the licenses for the two fields.
In accordance with the shareholder and operating agreements, Rosneft will purchase a 100% stake of Yermak Neftegaz in Srednelenskoye in 2021.
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