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Acquisitions and Divestitures News

Afren Announces Farm-Down Agreement in Ghana with Mitsui
Ghana >> 11/20/2008 - Afren plc announces that Afren Energy (Ghana) Limited, a wholly owned subsidiary of the Company, has agreed a farm-down transaction with Mitsui E&P Ghana Keta Limited (Mitsui), a subsidiary of Mitsui ...
Ecopetrol Awarded Four Blocks in 2008 ANH Round
Colombia >> 11/7/2008 - Ecopetrol presented the highest offers for four exploratory blocks in the Colombia Round 2008 conducted by the National Hydrocarbons Agency (ANH). ...
Total Acquires Interests on Blocks OPL 279 & 285
Nigeria >> 11/4/2008 - Total announces that it has signed an agreement with OMEL(1) Energy Nigeria Limited (OENL) and OMEL Exploration and Production Nigeria Limited (OEPNL) to acquire interests of 25.67% in deep offshore l...
Petronas Acquires 35% Interest in Blocks 16 & 19
Mozambique >> 10/31/2008 - Sasol announces that it and Petronas of Malaysia have entered a strategic partnership covering an offshore hydrocarbon exploration programme in Mozambique, where drilling commenced in early October. S...
Total farms into an onshore block with KNOC
Yemen >> 10/17/2008 - Total has signed an agreement with Korea National Oil Corporation (KNOC) to farm into onshore exploration Block 70 (Attaq Area, Shabwa Governorate) in Yemen with an interest of 30.875%. This agreement...
Addax Petroleum Announces Acquisition in Kurdistan Region of Iraq
Iraq >> 10/9/2008 - Addax Petroleum Corporation announced that it has acquired a 33.33 per cent interest in the Sangaw North Production Sharing Contract (PSC). The Sangaw North license area is operated by Sterling Energy...
Lundin to Farm out Interests in Ethiopia Blocks
Ethiopia >> 10/2/2008 - Lundin Petroleum AB is pleased to announce the signing of a farmout agreement with New Age (African Global Energy) Limited for the production sharing contracts (PSCs) in the Federal Democratic Republi...
Dominion Closes Drilling Rights Contract with Antero
United States >> 9/30/2008 - Dominion announced that it closed its agreement to assign drilling rights to 114,259 acres in the Marcellus Shale prospect to Antero Resources for about $347 million ($205 million after tax), or about...
Devon Energy Closes Sale of Assets in Cote d'Ivoire
Ivory Coast (Cote D'Ivoire) >> 9/25/2008 - Devon Energy Corporation announced that it has completed the sale of its operations in the West African nation of Cote d'Ivoire to Afren. The sales price was $205 million. After adjusting for net reve...
Total Farms into Bemolanga Heavy Oil License
Madagascar >> 9/17/2008 - Total signed an agreement with Madagascar Oil S.A. to farm into the Bemolanga license with a 60% interest. Located onshore in western Madagascar, the 6,500 square kilometres Bemolanga license was awar...
Heritage Oil Obtains Government Approval and Completes Farm-In Documentation in Tanzania
Tanzania >> 9/15/2008 - Heritage Oil Limited announced the approval by the Government of Tanzania of farm-ins to four exploration licences in Tanzania and the transfer of operatorship to Heritage. Heritage commenced acquisit...
Dominion Petroleum Announces Farm out of Interests in Mandawa PSA, Onshore Tanzania
Tanzania >> 9/11/2008 - Dominion Petroleum Limited announced that Etablissements Maurel et Prom SA ( Maurel & Prom ) has reached an agreement with Dominion to farm into the Mandawa PSA, onshore Tanzania. The agreement is sub...
TransAtlantic Announces Farm-In Of Turkey Exploration Licenses
Turkey >> 9/10/2008 - TransAtlantic Petroleum announced it has reached agreement with Incremental Petroleum Limited to farm-in to Incremental's License 4262, covering 3,052 acres onshore southeastern Turkey. The agreement ...
Circle Oil Signs Farm-Out Agreement on its Namibia Licence
Namibia >> 9/9/2008 - Circle Oil signed a farm-out agreement on its Ovambo Basin licence in Northern Namibia with Petroholland Ltd. The licence covers an area of over 70,000 square kilometres immediately to the south of th...
PA Resources Farm-Out Interest in Marine XIV
Congo >> 9/9/2008 - PA Resources Congo entered into a farm-out agreement to sell 29.4 percents working interest in the license Marine XIV to SOCO Exploration and Production Congo (SOCO EPC), 21.55 percents interest to a ...
SOCO Announces Marine XIV Farm-In Agreement
Congo >> 9/9/2008 - The Company announced that its subsidiary, SOCO Exploration and Production Congo S.A., has entered into a farm-in agreement to acquire a 29.4% working interest in the Marine XIV Block, offshore the Re...
Rocksource Signs Farm-in agreement in West Africa with Ophir Energy
Guinea Bissau >> 9/8/2008 - Rocksource ASA signed a farm-in agreement with Ophir Energy, allowing Rocksource to complete a staged entry into the AGC Profond Production Sharing Contract (PSC) covering the deepwater area administe...
Canoro Expands Exploration Acreage With Farm-In for Two Assam Blocks
India >> 9/3/2008 - Canoro Resources has finalized negotiations with Essar Oil Limited and Essar Energy Holdings Limited to obtain a 30% participating interest in two exploration production sharing contracts in Northeast...
Rocksource Provides Update on farm-in negotiations with ONGC
India >> 8/21/2008 - Rocksource is in advanced stages of negotiations to complete a farm-in agreement with ONGC for a 10% equity stake in exploration block CY DWN 2001/1, on the Indian Shelf. This process is moving ahead ...
PA Resources Farm-In To Tunisia Exploration Licence
Tunisia >> 8/15/2008 - PA Resources farmed-in to a 35 percent working interest in the onshore exploration permit Jenein Centre in southern Tunisia under an agreement with the Canadian oil and gas company Storm Ventures Inte...

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