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Acquisitions and Divestitures News

Norwest to Farm Out EP413 and TP15 Interest
India >> 8/19/2010 - Indian upstream company, Bharat PetroResources Ltd has executed a letter of intent with Norwest, for a farm into two of Norwest’s Perth Basin permits-EP413 and TP/15, by providing up to $15m in explor...
Eni Enters Congo With 55% in Ndunda Block
Congo, Democratic Republic (Zaire) >> 8/17/2010 - Italy's oil and gas major Eni SpA is entering the Democratic Republic of the Congo under an agreement signed with UK-based oil exploration company Surestream Petroleum, envisaging acquisition of a 55%...
VAALCO Announces Farm-Out Agreement in Gabon
Gabon >> 8/16/2010 -  VAALCO Energy, Inc. announced that it has executed a farm-out agreement with Total Gabon (“Total”) for the Mutamba Iroru Permit, onshore Gabon, which is 100 percent owned by VAALCO. Under the terms o...
RAK Petroleum to Farm-Out Block 47 in Oman
Oman >> 8/16/2010 - RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced the farm-out of a 50 percent interest in Block 47 onshore the Sultanate of Oman to Repsol Expl...
Ecopetrol Blocks Rises to 10 in 2010 ANH Round
Colombia >> 8/12/2010 - The Colombian National Agency of Hydrocarbons (ANH) has assigned another exploration block to Ecopetrol S.A. in the Open Round Colombia 2010 bidding process, following the Company´s winning bids for n...
CAMAC Energy Acquires Interest Offshore Nigeria
Nigeria >> 8/11/2010 - CAMAC Energy Inc. announced that on August 6, 2010, the Company entered into a memorandum of understanding (the “MOU”) with CAMAC Energy Holdings Limited, CAMAC International (Nigeria) Limited, and Al...
Tullow Oil to Farm-In to Kenya Block 10BA
Kenya >> 8/4/2010 - Centric Energy has entered into a binding letter agreement whereby Tullow Oil has agreed to farm-in to a 50 percent participating interest in Centric Energy's 100 percent owned Production Sharing Cont...
Tethys Petroleum to Farm-in to Tajikstan Assets
Tajikistan >> 8/3/2010 - The Company will provide a drilling update at key stages in the well construction. Tethys Petroleum Limited ("Tethys" or the "Company") announced that it has signed a Memorandum of Understanding with ...
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%...

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