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Acquisitions and Divestitures News

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...
Tullow Oil plc – Agreement to Farm-in to Block 10 in Angola
Angola >> 11/11/2005 - Tullow Oil plc 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 Southern Kwanza Basi...
Changes in the Moscow Refinery’s Voting Share Structure
Russia >> 11/9/2005 - Sibneft and Tatneft together have a majority voting interest (56.83%) in the Moscow Refinery as a result of a judgment issued yesterday by the Moscow City 9th Arbitration Court of Appeals.

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Farm-Out of South Australian, Cooper/Eromanga Basin Permits
Australia >> 10/18/2005 - Strike Oil Limited has entered into a Farmin Agreement with Advent Energy Limited (“Advent”) whereby Advent will be earning an interest in both PELA 71 and PELA 96 operated by Strike Oil in the South ...
Victoria Petroleum NL Farms Out Interest in Eagle North-1 Drilling to Empyrean
Australia >> 10/17/2005 - Empyrean Energy PLC has entered into a farmin agreement with Victoria Petroleum NL and a private US interest whereby Empyrean Energy PLC, by contributing 55% of the costs of the drilling, testing and ...
Petroceltic Announces Tunisia Licence Farmout Deal
Tunisia >> 10/12/2005 - Petroceltic International plc , announced the sale of an option, which if exercised, will result in the farming out of 38% interest in the Ksar Hadada Production Sharing Contract (PSC) onshore south e...
Energem Acquires Oil blocks in Mali and Nigeria
Mali >> 10/6/2005 - Energem Resources Inc, through a wholly owned subsidiary, has acquired the exploration and exploitation rights to oil blocks 12 and 13 in Mali. The sign on bonus for these two Blocks amounts to US$3 m...
BG Group to Enter Libya with Licensing Round Awards
Libya >> 10/3/2005 - BG Group is pleased to announce that it has been successful in its bid for exploration licenses in Area 123 (blocks 1 & 2), and Area 171, (blocks 1, 2, 3 & 4), in the recent Libyan licensing round hel...
Aminex Complete Farm-Out of Nyuni (PSA), Offshore Tanzania
Tanzania >> 9/27/2005 - Aminex PLC, has completed an agreement with East Coast Energy Ltd. of Canada and its wholly-owned Tanzanian subsidiary Pan-African Tanzania Ltd. ("PAT") to farm out part of the Nyuni Production Sharin...
Eni Acquires New Stakes in Two Nigerian Deepwater Fields
Nigeria >> 9/24/2005 - Eni has acquired from Nigerian companies Allied Energy Resources and Camac International a 40% stake in both Oil Mining Leases "120" and "121", located in the Nigerian offshore some 200 km off the coa...
EnerGulf/Derock Win Nigeria Block 252
Nigeria >> 9/6/2005 - EnerGulf Resources Inc. announced that its recently announced EnerGulf/Derock Joint Venture has been awarded deep water Block 252 by the Nigerian government at the Nigeria 2005 Bid Round held in Abuja...
Petrobras Acquires Exploratory Block in Nigeria
Nigeria >> 9/1/2005 - Petrobras announces that it acquired in an international auction held by the Nigerian government an exploratory block " the OPL 315", as an operator in deep Nigerian waters. The Company made the winni...
Petronas Steps up Petroleum Investments in Sudan
Sudan >> 8/30/2005 - PETRONAS has further enhanced and strengthened its presence in Sudan by entering into the downstream refining business, reinforcing its commitment to provide a mutually beneficial contribution to the ...
Statoil & Petrobras Wins New Exploration Licence
Nigeria >> 8/29/2005 - An exploration licence for Nigerian deepwater block 315 has been awarded to Statoil and Brazilian oil company Petrobras after a bidding round which concluded on 26 August.The two partners have each re...
New Mauritanian Government Approves Baraka Farm-Out Agreement
Mauritania >> 8/21/2005 - Baraka Petroleum Limited announced that it has received notification that the new Mauritanian Minister of Energy and Petroleum, Mr. Mohamed Aly Ould Sidi Mohamed, has approved the farm-out agreement B...

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