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Acquisitions and Divestitures News

Afren Enters Into Farm-in Agreement With IEL For Participation In The Ofa Field
Nigeria >> 5/8/2007 - Afren plc has entered into a Farm-In agreement with Independent Energy Limited ("IEL") for an interest in the Ofa Field, located in the Northern Niger Delta. Afren has entered into an agreement with I...
Artumas and Anadarko Sign Mozambique Agreement
Mozambique >> 5/3/2007 - Artumas Group Inc. and its wholly owned subsidiary, Artumas Mocambique Petroleo Limitada, announces the signing of a Trade Agreement with Anadarko Petroleum Corporation's subsidiary Anadarko Mocambiqu...
Exile Receives Approvals for 40% in Akepo Field
Nigeria >> 4/27/2007 - Exile Resources Inc. has received all approvals regarding its 40% equity in the Akepo Field in Nigeria. The Akepo Farm In Agreement and Joint Operating Agreement, originally announced in November 2006...
Artumas Signs EPCC Contract for the Rovuma Onshore Block
Mozambique >> 4/20/2007 - Artumas Group Inc. announced the signing on April 18, 2007 by its wholly owned subsidiary Artumas Moçambique Petroleos Limitada, of the Exploration and Production Concession Contract (EPCC) for the Ro...
US$5 Million Exploration Campaign Farmout Of Malta Prospects
Malta >> 4/18/2007 - Mediterranean Oil & Gas Plc announced a further update to the Company’s Maltese acreage. Leni Gas & Oil Plc has agreed to farm into the Company’s Exploration Study Agreement (ESA) over blocks 4, 5, 6 ...
Circle Oil Farms into Two Concessions in Tunisia
Tunisia >> 4/16/2007 - Circle Oil plc announced the signing of agreements with EXXOIL Tunisie allowing Circle Oil to farm-in to two separate concessions in Tunisia. These farm-in agreements are subject to final confirmatio...
BowLeven Announces Farm-out of Epaemeno Block Interest to Addax Petroleum
Gabon >> 4/10/2007 - BowLeven has announced that its wholly-owned subsidiary GGPC Gabon (Epaemeno) Ltd has entered into an agreement with Addax Petroleum Epaemeno Ltd, a wholly owned subsidiary of Addax Petroleum Corporat...
Eni Sign PSC for OPL 135 with NNPC
Nigeria >> 3/9/2007 - Eni signed a Production Sharing Contract (PSC) with Nigerian national oil company NNPC concerning the “OPL 135” exploration license. The area is located in the north-east of the Niger Delta, a short d...
BG Group to Sell Selected Canadian Assets
Canada >> 3/6/2007 - BG Group has signed a Sale and Purchase Agreement with Canada-based Progress Energy Limited for the sale of some of its Canadian assets - specifically those known as Bubbles, Ojay and Copton/Lynx - fo...
Hyperdynamics Commences Offshore Guinea Farm-Out Opportunity, Outlines Ongoing Exploration Plan
Guinea >> 1/24/2007 - Hyperdynamics Corporation has formally commenced a farm-out opportunity for its 31,000-square-mile concession offshore West Africa. Numerous exploration companies have already expressed interest and s...
Devon to Divest Assets & Terminate Operations in West Africa
Gabon >> 1/23/2007 - Devon Energy Corporation plans to divest all of its assets in West Africa. The assets include estimated proved reserves of approximately 90 million oil-equivalent barrels (Boe) at December 31, 2006. T...
BG Sells Mauritanian Interests
Mauritania >> 1/18/2007 - BG Group plc has completed the sale of Mauritania Holdings BV to Kuwait Foreign Exploration Company (KUFPEC) for a total consideration of US$128 million. The agreement signed today marks the disposal ...
Clevelan-Led Consortium Awarded 7 Argentine Blocks
Argentina >> 1/14/2007 - The Argentine consortium of Clevelan Petroleo Argentina, Integra Investment and Kilwer has won seven blocks in Chubut province, according to a provincial government statement. ...
Statoil Gets Additional Deepwater Block Off Egypt
Egypt >> 12/28/2006 - Statoil ASA has got a deepwater block off Egypt. This is the second award of exploration acreage recently secured by the group in Egypt. The operatorship and an 80% working interest in Mediterranean b...
IOC, OIL Pick Up Stake In Nigeria Block
Iran >> 12/26/2006 - Indian Oil Corporation (IOC) and its government-nominated exploration partner Oil India Ltd (OIL) have jointly picked up equity stakes in oil blocks in Nigeria and Gabon. In Nigeria, the two companies...
BG Group Increases Sstake in UK North Sea Fields
United Kingdom >> 12/18/2006 - BG Group has signed Sale and Purchase Agreements with ConocoPhillips (COP) for the acquisition of COP’s equity stakes in the Armada and Everest fields in the Central North Sea. ...
Total Signs PSC for Diaba License in Gabon
Gabon >> 12/12/2006 - Through 58%-owned subsidiary Total Gabon, Total signed an exploration and production sharing contract for the offshore Diaba license in Gabon. Covering an area of 9,075 square kilometres, the license ...
Brownstone Announces Successful Round 8 Brazil Land Auctions
Brazil >> 11/30/2006 - Brownstone Ventures Inc is pleased to announce that the Agencia National De Petroleum ("ANP"), Brazil's National Petroleum Agency has awarded Brownstone two onshore blocks in Round 8 of the Brazilian ...
PTTEP expands investment in Indonesia signing Farm-in/Farm-out Agreement for Block Bengara I
Indonesia >> 11/27/2006 - PTT Exploration and Production Plc (PTTEP) signed a Farm-in/Farm-out Agreement for Block Bengara I with PT Medco E&P Bengara Company Limited (Medco) on November 24, 2006. Under the agreement, PTTEP Be...
Woodside Farms into Brazilian Acreage
Brazil >> 11/22/2006 - Woodside Energy Ltd., a wholly owned subsidiary of Woodside Petroleum Ltd., has agreed to acquire from Repsol-YPF a 25% interest in nine exploration blocks in the Santos Basin off south-eastern Brazil...

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