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Acquisitions and Divestitures News

CNOOC Acquires 45% in OML 130 in Nigeria
Nigeria >> 4/20/2006 - CNOOC Limited has completed its agreement to acquire a 45 % working interest in an offshore oil mining license "OML 130" in Nigeria. The transaction was signed on January 8, 2006 between CNOOC Limited...
Avante Acquires Tartaruga Field from Anadarko
Brazil >> 4/6/2006 - Avante Petroleum, the oil and gas exploration and production company operating across Latin America, announces the signing of definitive agreements to acquire Anadarko Petroleum’s wholly-owned subsidi...
Further Farmout of Nyuni Licence in Tanzania
Tanzania >> 4/3/2006 - Aminex PLC has signed a Farmout Agreement with East African Exploration Limited ("EAX"). The Farmout Agreement provides for EAX to earn into part of Aminex’s Nyuni licence, offshore Tanzania by acquir...
Breakthrough Service Contract Signed for the PDO’s Karim Fields
Oman >> 3/20/2006 - In a landmark ceremony in Muscat, Petroleum Development Oman (PDO) and MedcoEnergi International formally signed a first-of-its-kind service contract to develop a cluster of 18 small fields in the Nim...
Total Wins New Exploration Block in Cameroon
Cameroon >> 3/15/2006 - Total has been awarded, by the government of Cameroon, the Bomana exploration block in the offshore Rio Del Rey basin. Total will be the operator of this block with a 100% interest. The 140-square-kil...
Eni Wins Deepwater Exploration License in Mozambique
Mozambique >> 3/10/2006 - Following an international bid, Eni has won the right to explore an offshore area north of Mozambique, about 2000 km from Maputo. The block, known as Area 4, is located in the deep waters of the Rovum...
Anadarko Wins the Bidding for the Offshore Area 1
Mozambique >> 3/8/2006 - Anadarko Petroleum Corporation has been declared the winning bidder for exploration and production rights to Offshore Area 1 in Mozambique's second licensing round in the under-explored Rovuma Basin. ...
Gran Enters Agreement To Acquire Argentina Assets
Argentina >> 2/22/2006 - Gran Tierra Energy, Inc is pleased to announce that Compania General de Combustibles S.A. (CGC) has accepted an offer from Gran Tierra Energy to purchase a mix of production and exploration properties...
Gulf Keystone to Bring Potential Partners Into Certain of its Algerian Licences
Algeria >> 2/20/2006 - The Company announced that it is reviewing the possibility of bringing in potential partners into certain of the Company's Algerian licences. Ahead of, and in conjunction with this, the Board recently...
Hydro Signs EPC Contract for Areas 2 & 5
Mozambique >> 2/17/2006 - The Exploration and Production Concession (EPC) Contract for Areas 2 & 5 in the Rovuma Basin offshore Mozambique was signed between the government of Mozambique, the national oil company Empresa Nacio...
BG Group Signs Nigerian Production Sharing Contract
Nigeria >> 1/20/2006 - BG Group has acquired a 45 percent interest in, and operatorship of, Block 332 offshore Nigeria under a farm-in agreement with Sahara Energy Exploration & Production Limited (Sahara). The agreement ma...
Petrobras Purchases Participation in Equatorial Guinea
Equatorial Guinea >> 1/11/2006 - Petrobras communicates that the Government of Equatorial Guinea, in Western Africa, recently approved the Company's acquisition of a 50% participation in the Block L production division agreement. Loc...
CNOOC Acquires 45% Stake in OML 130
Nigeria >> 1/9/2006 - CNOOC Limited signed a definitive agreement with South Atlantic Petroleum Limited (''SAPETRO'') to acquire a 45 % working interest in an offshore oil mining license ''OML 130'' in Nigeria for US$2.268...
Tullow Oil to Farm-in Agreement to Block 24 in Angola
Angola >> 1/6/2006 - Tullow Oil plc has concluded a farm-in agreement with Ocean Angola Corporation, a subsidiary of Devon Energy, to assume a 15% interest in Block 24 offshore Angola. Block 24 is located in the Southern ...
Pancontinental Announces Kenyan Project Farmout to Origin Energy
Kenya >> 12/28/2005 - Pancontinental Oil and Gas NL has concluded a Farmin Agreement with Origin Energy Bairnsdale Pty Limited, a subsidiary of Origin Energy Resources limited, on the Kenyan Production Sharing Contracts (P...
EnerGulf Provides Update on Nigeria Block 252
Nigeria >> 12/15/2005 - With respect to Nigeria Oil Prospecting License (“OPL”) 252 (the “block”), the EnerGulf/Derock JV has been granted an extension until January 30, 2006 to pay the required signature bonus. EnerGulf has...
BG Signs Libyan Exploration and Production Sharing Agreements
Libya >> 12/8/2005 - BG Group signed three Exploration and Production Sharing Agreements (EPSA) for Blocks 123 (1) and 123 (2), and Area 171, (Blocks 1, 2, 3 & 4). This follows successful bids in the recent Libyan licensi...
Woodside Divests Shareholding in Hardman Resources
Mauritania >> 12/1/2005 - Woodside Petroleum Ltd. advises that its wholly owned subsidiary, Woodside Mauritania Investments Pty Ltd., has sold its holding of 67,418,478 shares in Hardman Resources Ltd for approximately A$118.3...
Sunlink & SNEPCo Sign OPL 238 Agreement
Nigeria >> 11/21/2005 - Sunlink Petroleum Limited and Shell Nigeria Exploration and Production Company Limited (SNEPCo) formally finalised and signed a Joint Operating Agreement in respect of oil prospecting license OPL 238....
Tullow Oil plc – Agreement to Farm-in to Block 10 in Angola
Angola >> 11/11/2005 - Tullow Oil plc announced that it has concluded a farm-in agreement with Sonangol P&P to assume a 15% interest in Block 10 offshore Angola effective from 1st October 2005. Block 10 is located in the So...

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