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Acquisitions and Divestitures News

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....
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...

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