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Acquisitions and Divestitures News

SEPLAT Completes Acquisition in OMLs 4, 38 and 41
Nigeria >> 8/2/2010 - SEPLAT Petroleum Development Company Ltd (SEPLAT) has last Friday, July 30th, achieved the definitive completion of its acquisition of a 45% stake in OMLs 4, 38 and 41, onshore Nigeria, from Shell Pet...
Cove Energy Announces Kenya Deepwater Farm-In
Kenya >> 7/28/2010 - Cove Energy plc, the AIM quoted upstream oil and gas company focused on East Africa, is pleased to announce that it has concluded a conditional farmin agreement with Dynamic Energy Exploration and Pro...
Russia to Sell Giant Oil Field In Q4 2010
Russia >> 7/22/2010 - Russia will auction off the giant Trebs and Titov field, the largest oil deposit to be sold at an auction in the past five years, in the fourth quarter of 2010, the government said. ...
SOCO to Farm-out 20% Interest in Nganzi Block
Congo, Democratic Republic (Zaire) >> 7/15/2010 - SOCO International plc announces that its subsidiary, SOCO Exploration & Production - DRC SPRL ("SOCO E&P DRC"), has entered into a farm-out agreement wherein it has agreed to farm-out a 20% interest ...
SM Energy Announces Gas Services Agreement in Texas
United States >> 7/12/2010 - SM Energy Company announces that the Company has entered into a long-term gas services agreement with Eagle Ford Gathering LLC to gather, transport, and process production from the Company’s Eagle For...
En+ Group Sells Afipsky Refinery to NefteGazIndustria
Russia >> 6/30/2010 - En+ Group has completed the transaction to sell Afipsky Oil Refinery to NefteGazIndustria Group. The parties do not disclose the transaction amount. ...
Total Acquires a 20% Interest in Block BM-S-54
Brazil >> 6/30/2010 - Total announces the acquisition of a 20% interest from Shell in the BM-S-54 license in the Santos Basin. Shell holds the remaining 80% and keeps the operatorship. This acquisition is subject to approv...
Petrolatina Awarded Two Blocks in 2010 ANH Round
Colombia >> 6/25/2010 - PetroLatina , the independent oil and gas exploration, development and production company focused on Latin America, is pleased to announce that Colombia's hydrocarbon regulatory agency (the Agencia Na...
Tierra Announces Successful Acreage Awards in Colombia
Colombia >> 6/24/2010 - Gran Tierra Energy Inc, a company focused on oil exploration and production in South America, announced successful bids on three blocks in the recently completed 2010 Colombia Bid Round administered b...
Pacific Rubiales Awarded Six Blocks in 2010 ANH Round
Colombia >> 6/23/2010 - Pacific Rubiales Energy Corp announced that it has been awarded six new blocks in the Ronda 2010 bidding process organized by the Agencia Nacional de Hidrocarburos of Colombia (ANH). The company won s...
Ecopetrol Awarded Nine Blocks in 2010 ANH Round
Colombia >> 6/22/2010 - The company to explore the Los Cayos blocks in the Colombian Caribbean in partnership with Repsol and YPF. Investments in the blocks will be in the order of US$102 million over the next three years. ...
NNPC Approved the Sale of 45% Equity to SEPLAT
Nigeria >> 6/18/2010 - The Board of Nigerian National Petroleum Corporation (NNPC), at its meeting held on 15th June, 2010, approved the sale of 45% equity of SPDC/Total/Eni in OMLs 4, 38 and 41 to SEPLAT (Maurel & Prom 45%...
Africa Oil Signs Agreement to Acquire South Omo Block
Ethiopia >> 6/17/2010 - Africa Oil Corp. is pleased to announce that it has signed a Farmout Agreement and Joint Venture Agreement with Agriterra Ltd. (formerly White Nile Ltd.) to acquire an 80% participating interest and o...
Bowleven Completes Etinde Farm-Out Transaction
Cameroon >> 6/17/2010 - Bowleven, the West Africa focused oil and gas exploration group listed on AIM, is pleased to announce that the Etinde Permit (Etinde) farm-out transaction entered into with Vitol E&P Limited (Vitol) h...
Africa Oil Announces Puntland Farm-Out
Somalia >> 6/15/2010 - Africa Oil Corp. is pleased to announce that it has signed a Letter of Intent with Red Emperor Resources NL ("Red Emperor") pursuant to which Red Emperor will acquire a participating interest in the D...
Petrodorado Signed A Farm-in Agreement With Ongc Ltd.
Colombia >> 6/14/2010 - Petrodorado Energy Ltd. is pleased to announce the signing of a farm-in agreement with ONGC Videsh Ltd. for a 30 percent participating interest in CPO-5 Block of Colombia. ...
Sharjah’s Crescent Inks Farm-Out Deal with Rosneft
United Arab Emirates >> 6/6/2010 - A partnership between Sharjah-based Crescent Petroleum and Russia's Rosneft Oil Company commenced drilling Saturday on the first of four possible wells for natural gas in the Sharjah Onshore Concessio...
BG Group to Farm-In to Offshore Acreage in Tanzania
Tanzania >> 5/26/2010 - BG Group announced that it has received the written consent of the Government of the United Republic of Tanzania to farm-in to blocks 1, 3 and 4 offshore southern Tanzania currently owned solely by Op...
Sound Oil farms out Bangkanai PSC
Indonesia >> 5/25/2010 - Sound Oil, the upstream Oil and Gas Company with assets in Indonesia, announces that it has entered into an agreement under which it has farmed out part of its interest in the Bangkanai Production Sha...
Hyperdynamics Receives Payment from Dana Petroleum
Guinea >> 5/20/2010 - Hyperdynamics Corporation announced it has received payment of $19.6 million in cash from Aberdeen-based Dana Petroleum plc for a previously announced 23 percent participating interest in Hyperdynamic...

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