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Acquisitions and Divestitures News

Methanex Signs Agreement for Chile Operations
Chile >> 5/5/2008 - Methanex Corporation announced that it has signed an agreement with ENAP (the Chilean state-owned oil and gas company) to accelerate gas exploration and development in the Dorado Riquelme exploration ...
PA Resources formally completes the acquisition in Congo
Congo >> 4/22/2008 - PA Resources AB formally closed the transaction relating to the previously announced acquisition of 35 percent in the license Mer Profond Sud including the Azurite field situated offshore the Republic...
Devon Agrees to Sell Assets in EQ for $2.2 Billion
Equatorial Guinea >> 4/8/2008 - Devon Energy Corporation announced that it has agreed to sell its oil and gas business in the African nation of Equatorial Guinea for $2.2 billion. The buyer is GEPetrol, the national oil company of E...
Eurogas Enters FOA with Delta Hydrocarbons for Sfax Permit
Tunisia >> 4/8/2008 - Eurogas Corporation announced that Eurogas and Atlas Petroleum Exploration Worldwide, Ltd. have entered into a Farmout Agreement with Delta Hydrocarbons B.V. with respect to the Sfax Offshore Explorat...
Afren Enters into a Farm-In Agreement with Oriental
Nigeria >> 4/1/2008 - Afren plc announced that it has entered into a farm-in agreement with Oriental Energy Resources Limited for the development of the Ebok Field, located offshore South East Nigeria. Afren has entered in...
TransAtlantic Announces Farmout Of Turkey Exploration Licenses
Turkey >> 3/31/2008 - TransAtlantic Petroleum announced it has farmed out Blocks 4173 and 4174, two of its exploration licenses in southeastern Turkey, to an oil and gas exploration company with operations in Turkey. In ex...
Perenco Signs Five Exploration Licences in Brazil
Brazil >> 3/18/2008 - Perenco is very pleased to announce the signature as Operator of 5 Exploration licences in the deep water sector of the Espirito Santo basin of Brazil. The award of Blocks ES-M-416, ES-M-418, ES-M-472...
Elixir Petroleum Acquires Interest in Block SL-4
Sierra Leone >> 3/17/2008 - Elixir Petroleum announced that it has acquired an interest in, and been appointed operator of, highly prospective Block SL-4, offshore the Republic of Sierra Leone, West Africa (“Block SL-4”). Block ...
Total Farms into New Deep Offshore License in Nigeria
Nigeria >> 3/12/2008 - Total announced that it has signed an agreement with Nigeria’s Conoil Producing Limited to farm into the deep offshore OPL 257 license with a 40% interest. Conoil remains the operator with a 50% inter...
Ecopetrol Signs Six Exploration Agreements in Brazil
Brazil >> 3/12/2008 - Ecopetrol S.A., jointly with other companies, executed six agreements with the Brazilian National Oil and Biofuels Agency (ANP) to explore the same number of exploratory blocks in Brazilian territory....
Devon Energy Agrees to Sell Assets in Cote d'Ivoire for $205 Million
Ivory Coast (Cote D'Ivoire) >> 3/6/2008 - Devon Energy announced that it has agreed to sell its oil and gas business in the African nation of Cote d'Ivoire to Afren plc for $205 million. The divestiture assets in Cote d'Ivoire include Devon's...
SOCO Entered into a Farm-Out Agreement in Marine XI, Offshore Congo
Congo >> 3/4/2008 - SOCO International announced that its subsidiary, SOCO Exploration and Production Congo S.A. ("SOCO EPC"), has entered into a farm-out agreement where in it has agreed to farm-out 8.5% of its interest...
Heritage Oil completes Mali farm-in documentation on two exploration licences
Mali >> 3/3/2008 - Heritage Oil Corporation has signed the previously announced farm-in documentation on two onshore exploration licences in Mali ("Mali"), following the Government of Mali's approval of the transaction....
Aabar subsidiary farms out 20% interest in 3 offshore Thai exploration concessions
Thailand >> 2/28/2008 - Aabar Energy PJSC (“Aabar”) announced that its wholly owned subsidiary Pearl Energy Limited (“Pearl”) has entered into a farm-out arrangement with Horizon Oil Limited (“Horizon”) to transfer 20% parti...
Mitsui Acquires 20% Interest in Rovuma Offshore Area 1
Mozambique >> 2/7/2008 - Mitsui & Co., Ltd. announced that it has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire a partial interest in oil and gas exploration block in the Republic of Mozam...
Circle Oil Signs Farm-in Agreement for the NW Gemsa Block
Egypt >> 1/29/2008 - Circle Oil announced that Circle Oil Egypt Ltd (COEL), its wholly owned subsidiary, has signed a farm-in agreement covering the exploration and exploitation of hydrocarbons with Vegas Oil and Gas SA f...
JKX Announces Farm-In To Exploration Licences, South East Turkey
Turkey >> 1/10/2008 - JKX Oil & Gas announced that it has farmed into two exploration licences in the Bismil South area of south east Turkey. The licences cover a total of 590 sq km in the Zagros Foldbelt petroleum provinc...
PTTEP Signed Farm in Agreement for Blocks 17 and 18 in Bangladesh
Bangladesh >> 1/7/2008 - PTTEP has signed a farm in agreement with TOTAL E&P Bangladesh, a wholly owned subsidiary of TOTAL S.A. to become a partner in Blocks 17 and 18 in Bangladesh operated by TOTAL E&P Bangladesh, marking ...
Noble Energy Announces Sale of Argentina Assets
Argentina >> 12/27/2007 - Noble Energy announced has entered into an agreement to sell its interest in the El Tordillo, La Tapera, and Puesto Quiroga concessions in southern Argentina to a subsidiary of Petrobras for a sales p...
Dragon Oil concludes farm-in agreement for three blocks in Yemen
Yemen >> 12/17/2007 - Dragon Oil announced that, in line with its corporate strategy, the company has agreed, (subject to certain required approvals), to acquire interests in Blocks 35 (10%), 49 (up to 10%) and R2 (10%) in...

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