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Acquisitions and Divestitures News

Guyane Farm Out Agreement Signed With Gaz de France
United States >> 11/21/2006 - Hardman Resources Limited has concluded a Farm-Out Agreement with Gaz de France SA for a 20% participating interest share of the Guyane Maritime Exclusive Exploration Licence (EEL) in South America.
Devon Energy to Divest Assets in Egypt
Egypt >> 11/14/2006 - Devon Energy Corporation announced that it intends to divest its oil and gas assets and terminate its operations in Egypt. The company's oil and gas production from Egypt is currently about five thous...
Baraka Signs Agreement with Eni and Sonatrach to Farmout Mali Blocks
Mali >> 11/10/2006 - Baraka Petroleum Limited , through its wholly owned subsidiary, Baraka Mali Operations Limited (BMO), has signed a farm out agreement (FOA) with Eni S.p.A and Sonatrach International Petroleum Explora...
Gran Secures Exploration Acreage in Peru
Peru >> 11/9/2006 - Gran Tierra Energy Inc - On November 3, 2006, the License Contract for the Exploration and Exploitation of Hydrocarbons covering Block 122 in Peru between Gran Tierra Energy Peru and PeruPetro S.A. wa...
Gran Tierra Acquires Properties in Argentina
Argentina >> 11/7/2006 - Gran Tierra Energy Inc - On November 2, 2006 Gran Tierra completed the acquisition of interests in four properties from Compania General de Combustibles S.A. (CGC) for a total consideration of $2.1 mi...
Nexus and Shell Agree Major Farm-in for Echuca Shoals
Australia >> 10/26/2006 - Nexus Energy Limited has signed Heads of Agreement (HOA) with ShellDevelopment (Australia) Pty Ltd agreeing the key commercial principles for the two companies to jointly commence the appraisal of the...
Gran Advances Drilling Program, Acquires Additional Exploration Acreage
Colombia >> 10/17/2006 - Gran Tierra Energy Inc provides the following update on operations and recent initiatives of the Company. ...
Hyperdynamics Engages GeoExperts to Orchestrate Farmout Bid Process Offshore Guinea
Guinea >> 10/5/2006 - Hyperdynamics has engaged GeoExperts of Houston, Texas to a consulting and farmout management contract for its concession offshore Guinea. The contract provides for the assessment, packaging, marketin...
SOCO Announces Marine XI Farm-out Agreement, Offshore Congo (Brazzaville)
Congo >> 9/6/2006 - SOCO International plc announced that its subsidiary, SOCO Exploration and Production Congo, has entered into a farm-out agreement wherein it has agreed to farm-out 18.75% of its interest in the Marin...
Kenyan L-6 Project Farmout to Gippsland Petroleum
Kenya >> 8/28/2006 - Pancontinental Oil and Gas NL (“Pancon”) has concluded a Farmin Agreement (Agreement) with Gippsland Offshore Petroleum Limited (“Gippsland”), on the Kenyan Production Sharing Contracts (PSC) L-6 offs...
Egyptian Farm-Out and Interest Assignment
Egypt >> 8/4/2006 - Aminex PLC announces two separate transactions in connection with its Block 2, West Esh El Mellaha (“WEEM”) concession in the Eastern Desert of Egypt:

(1) Aminex Petroleum Egypt Ltd. (“APEL...
Total Signs Farm-in Agreement on Two Offshore Blocks
Nigeria >> 7/27/2006 - Total announces that its wholly-owned Nigerian operating subsidiary, Elf Petroleum Nigeria Limited (EPNL), has signed a farm-in agreement with Amni International Petroleum Development Company Limited,...
Addax Petroleum Completes Acquisition Of Okwok Interest
Nigeria >> 6/28/2006 - Addax Petroleum Corporation has acquired from Oriental Energy Resources Limited a 40 per cent participating interest in the Okwok field in licence area OML67 following receipt of all necessary Nigeria...
BG Group Enters Madagascar with Farm-in Agreement
Madagascar >> 6/15/2006 - BG Group announced that it has acquired a 30 per cent interest in the Majunga Offshore Profond exploration block in Madagascar under a farm-in agreement with Vanco Madagascar Limited ('Vanco'). This a...
Gran Tierra Expands into Peru
Peru >> 6/9/2006 - Gran Tierra Energy, Inc announced that the company has signed a License Contract for the Exploration and Exploitation of Hydrocarbons in Peru, covering Block 122. The contract was signed on June 8, 20...
BG Group Signs Chinese Production Sharing Contracts
China >> 6/7/2006 - BG Group announced that it has signed two Production Sharing Contracts (PSCs) with China National Offshore Oil Corporation (CNOOC) covering deepwater Blocks 64/11 and 53/16 and a Geophysical Survey Ag...
Eurogas Enters FOA with Anadarko for Sfax Permit
Tunisia >> 5/25/2006 - Eurogas and Atlas Petroleum Exploration Worldwide, Ltd. have entered into a Farmout Option Agreement with Anadarko Petroleum Corporation for exploration on most of the Sfax Offshore Exploration Permit...
BG Group Successful in Nigerian Licensing Round
Nigeria >> 5/19/2006 - BG Group, together with consortium member Sahara Energy Exploration & Production Limited, has been awarded Oil Prospecting Licence (OPL) 286-DO, (previously OPL 213), in the 2006 Nigerian Licensing Ro...
BG Enters Oman with Exploration and Production Sharing Agreement
Oman >> 4/30/2006 - BG Group has signed an Exploration and Production Sharing Agreement (EPSA) with the Government of Oman for a 100% interest in and operatorship of Block 60 onshore Oman. Block 60, which covers almost 1...
Shell, Petrobras & ONGC Change in BC-10 Holdings
Brazil >> 4/27/2006 - Shell Brasil EP (Shell) and Petrobras confirm that Shell has exercised its pre-emption option for an additional 30% of participating interest in the Shell operated BC-10 block located offshore Brazil....

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