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Acquisitions and Divestitures News

BG Sells Mauritanian Interests
Mauritania >> 1/18/2007 - BG Group plc has completed the sale of Mauritania Holdings BV to Kuwait Foreign Exploration Company (KUFPEC) for a total consideration of US$128 million. The agreement signed today marks the disposal ...
Clevelan-Led Consortium Awarded 7 Argentine Blocks
Argentina >> 1/14/2007 - The Argentine consortium of Clevelan Petroleo Argentina, Integra Investment and Kilwer has won seven blocks in Chubut province, according to a provincial government statement. ...
Statoil Gets Additional Deepwater Block Off Egypt
Egypt >> 12/28/2006 - Statoil ASA has got a deepwater block off Egypt. This is the second award of exploration acreage recently secured by the group in Egypt. The operatorship and an 80% working interest in Mediterranean b...
IOC, OIL Pick Up Stake In Nigeria Block
Iran >> 12/26/2006 - Indian Oil Corporation (IOC) and its government-nominated exploration partner Oil India Ltd (OIL) have jointly picked up equity stakes in oil blocks in Nigeria and Gabon. In Nigeria, the two companies...
BG Group Increases Sstake in UK North Sea Fields
United Kingdom >> 12/18/2006 - BG Group has signed Sale and Purchase Agreements with ConocoPhillips (COP) for the acquisition of COP’s equity stakes in the Armada and Everest fields in the Central North Sea. ...
Total Signs PSC for Diaba License in Gabon
Gabon >> 12/12/2006 - Through 58%-owned subsidiary Total Gabon, Total signed an exploration and production sharing contract for the offshore Diaba license in Gabon. Covering an area of 9,075 square kilometres, the license ...
Brownstone Announces Successful Round 8 Brazil Land Auctions
Brazil >> 11/30/2006 - Brownstone Ventures Inc is pleased to announce that the Agencia National De Petroleum ("ANP"), Brazil's National Petroleum Agency has awarded Brownstone two onshore blocks in Round 8 of the Brazilian ...
PTTEP expands investment in Indonesia signing Farm-in/Farm-out Agreement for Block Bengara I
Indonesia >> 11/27/2006 - PTT Exploration and Production Plc (PTTEP) signed a Farm-in/Farm-out Agreement for Block Bengara I with PT Medco E&P Bengara Company Limited (Medco) on November 24, 2006. Under the agreement, PTTEP Be...
Woodside Farms into Brazilian Acreage
Brazil >> 11/22/2006 - Woodside Energy Ltd., a wholly owned subsidiary of Woodside Petroleum Ltd., has agreed to acquire from Repsol-YPF a 25% interest in nine exploration blocks in the Santos Basin off south-eastern Brazil...
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...

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