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Acquisitions and Divestitures News

ANH Approved the 85% Farm Out Agreement
Colombia >> 11/4/2011 - PetroLatina, the independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that it has now received approval from the Agencia Nacional de...
VOG Completes Acquisition of Interest in Logbaba Project
Cameroon >> 11/4/2011 - Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the FSU is pleased to announce that it has completed the acquisition of one third of ...
Afren's Nigeria Deal to Complete by End 2011
Nigeria >> 11/4/2011 - Afren's acquisition of a stake in a Nigerian oil field known as OML 26, announced last year, is on track to complete by the end of 2011, the Africa-focused oil firm's chief executive said. ...
Sterling Signs Farmout Agreement for Ntem Block
Cameroon >> 11/3/2011 - Sterling, the independent oil and gas exploration and production company with interests in the Middle East and Africa, is pleased to announce the following update for the Sterling operated Ntem block ...
Serica Wins 85% in Blocks 2512A, 2513A, 2513B and 2612A
Namibia >> 11/3/2011 - Serica Energy plc is pleased to confirm the announcement made yesterday by the Namibian Ministry of Mines and Energy at the 18th Africa Upstream Conference being held in Cape Town that Serica has been...
Serica Confirms Imminent Award of Namibia Licence
Namibia >> 11/2/2011 - In light of recent market speculation Serica confirms that it is in advanced discussions about the award of significant licence areas in Namibia. Agreements are in the process of being finalised and a...
Afren Completed the Kurdistan Acquisition & Financing
Iraq >> 11/2/2011 - Afren plc has completed the acquisition of a 60 percent participating interest in the Barda Rash PSC and 20 percent participating interest in the Ain Sifni PSC, located in the Kurdistan region of Iraq...
Candax Purchases Participation Rights in Tunisian Licences
Tunisia >> 11/2/2011 - Candax Energy Inc is pleased to report that it has entered into an agreement with Dana Gas PJSC ("Dana Gas"), whereby Dana Gas will relinquish its optional rights to participate in future wells target...
Somaliland Ministry Offering Acreage
Somaliland Ministry Offering Acreage Somalia >> 11/2/2011 - In light of the increasing interest in the hydrocarbon potential of Somaliland, the Ministry of Mining, Energy and Water Resources in Somaliland is pleased to announce the offering of open acreage. Th...
Heritage Oil Awarded Further Acreage In Tanzania
Tanzania >> 11/1/2011 - Heritage Oil Plc, an independent upstream exploration and production company, announces that it has been awarded a further Production Sharing Agreement (PSA) in Tanzania and is the operator with 100% ...
Tanzania Production Sharing Agreement Signed
Tanzania >> 10/31/2011 - Aminex PLC announces that it has signed a new Production Sharing Agreement (PSA) with the Tanzanian Minister of Energy & Minerals granting it the right to explore for oil and gas over 1,690 km˛ in the...
Tullow Signs New PSC as Operator Offshore Mauritania
Tullow Signs New PSC as Operator Offshore Mauritania Mauritania >> 10/31/2011 - Tullow Oil plc (Tullow) is pleased to announce that new Production Sharing Contract (PSC) arrangements have been agreed with the Government of Mauritania and its Joint Venture partners. These arrangem...
Wessex Signs Assurance Agreement for Imlili Block PSC
Western Sahara >> 10/31/2011 - Wessex Exploration PLC is pleased to announce that it has signed an Assurance Agreement for a Production Sharing Contract for the Imlili Block with the Saharawi Arab Democratic Republic (SADR), in the...
Santos Sells Interest in Evans Shoal for up to US$350m
Australia >> 10/28/2011 - Santos announced that it has agreed to sell its entire working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin offshore northern Australia for up to US$350 million to a major international ex...
Gazprom and Wintershall Sign Agreement on Asset Swap
Russia >> 10/28/2011 - Alexey Miller, Chairman of the Management Committee, Gazprom and Kurt Bock, Chairman of the Board of Executive Directors, BASF signed in Ludwigshafen (Germany) a Framework Agreement specifying the ter...
SAPETRO Purchases 90% Interest In Belo PSC
Madagascar >> 10/27/2011 - South Atlantic Petroleum Limited has reached agreement with Marex MC Inc. (MAREX) to purchase a 90% participating interest in the Belo Profond Production Sharing Contract (PSC), which is situated in d...
MedcoEnergi Released Working Interests of Anaguid Block
Tunisia >> 10/27/2011 - PT Medco Energi Internasional Tbk is pleased to announce that it has completed the sales of 20% interest of MedcoEnergi in the Durra Concession and 40% interest of MedcoEnergi in the Anaguid Explorati...
Strategic Acquisition in Europe & ME
United Arab Emirates >> 10/26/2011 - Specialist Services announces the acquisition of Labtech Services Limited (Labtech) based in Aberdeen in the United Kingdom, and O.I.L. Engineering Middle East LLC (O.I.L) based in Abu Dhabi in the Un...
PICORP Divests its 12.5% Stake in BANAGAS to Boubyan
Bahrain >> 10/25/2011 - Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the sale of its 12.5% stake in the Bahr...
Pura Vida Completes Mazagan Acquisition
Morocco >> 10/25/2011 - Pura Vida has completed the acquisition of a 75% working interest in the Mazagan Offshore Area. Mazagan comprises an area of nearly 11,000km2 off the Atlantic coast of Morocco. A total of 3,570km2 of...

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