Acquisitions and Divestitures: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Africa Oil PSC in Kenya Block

Source: www.gulfoilandgas.com 5/28/2009, Location: Africa

Share |

Africa Oil Corp. is pleased to announce the signing of a farmout letter of intent with Raytec Metals Corp. ("Raytec") for their entry into the production sharing contract in the Republic of Kenya.

Africa Oil will transfer a 10% (ten percent) interest in the Block 9 Production Sharing Agreement and a 25% (twenty-five percent) license interest in its other interests in Kenya.

Raytec, will pay a disproportionate share of costs associated with the planned work programs to be carried out in 2009 and 2010.

This farmout transaction is subject to government, exchange, board and partner approvals if required.

Acquisitions and Divestitures News in Kenya >>

BHOS Students Taking Internship at Neft Dashlari
  Azerbaijan >>  7/31/2015 - BHOS 2nd and 3rd year students on petroleum engineering are taking internship at Neft Dashlari (Oil Rocks) Petroleum Extraction Department of Azneft P...
Savannah Signs R3/R4 PSC Signature
  Niger >>  7/31/2015 - Savannah Petroleum is pleased to announce the signing of a Production Sharing Contract (“PSC”) by Savannah Petroleum Niger and the Government of Niger...

Otto Energy Farms Down 10% Interest in SC55 to Pryce Gases
  Philippines >>  7/31/2015 - Otto Energy subsidiary, Otto Energy Philippines, has signed a farm-in option agreement with Pryce Gases to earn a 10% working interest in SC55, offsho...
Subsea 7 Awarded $500m BP Contract Offshore Egypt
Egypt >>  7/30/2015 - Subsea 7 S.A. declared the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Tauru...

Sterling Completes Acquisition of an Interest in Block C-3
  Mauritania >>  7/30/2015 - Sterling Energy plc, the AIM listed upstream oil and gas company with interests in Africa, is pleased to announce that completion has now occurred und...
Belgian Chemical Firm Solvay Buys Cytec for $5.5B
  Belgium >>  7/29/2015 - Solvay has entered into a definitive merger agreement with U.S.-based Cytec to acquire 100% of its share capital forUS$75.25per share in cash. The tot...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Kenya Oil & Gas 1 >>  2 | 3 | 4 |

More News

Oil & Gas Projects in Kenya >>

Oil & Gas Companies in Kenya >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed