Gulf Oil and Gas accountACCOUNT

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 >>

Malaysia >>  7/21/2016 - PETRONAS has awarded a Production Sharing Contract (PSC) to PTTEP HK Offshore Limited (PTTEP), KUFPEC Malaysia (SK-410B) Limited (KUFPEC), and PETRONA...
Egypt >>  7/20/2016 - Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an Egyptian official...

Mexico >>  7/19/2016 - Mexico's oil regulator approved contracts and auction terms for 15 shallow water areas in the southern Gulf of Mexico, to be bid out early next year a...
Kenya >>  7/14/2016 - State-owned Kenya Pipeline Co. said it’s considering leasing out storage tanks at the country’s only oil refinery, and isn’t currently looking at rest...

Norway >>  7/14/2016 - DONG E&P Norge AS (DONG Energy) divests its ownership shares in five producing Norwegian oil and gas fields to Faroe Petroleum Norge AS (Faroe). The f...
Senegal >>  7/14/2016 - Woodside has entered into a binding Purchase and Sale Agreement (PSA) with ConocoPhillips to acquire all of ConocoPhillips’ interests in Senegal for t...

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

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


Kenya Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Kenya >>

More News

 

Oil & Gas Companies in Kenya >>


Related 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 ST TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.