Search results for: Etinde

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A list of search results

  • 4 October 2010

    Bowleven, the West Africa focused oil and gas exploration group listed on AIM, is pleased to announce that it has entered into a revised option agreement with Vitol E&P Limited (Vitol) in respect of the Etinde Permit (Etinde), offshore Cameroon. Under the agreement, which replaces the previous option arrangement, Vitol have an option to acquire […]

  • 24 February 2015
    Business & Finance, Project & Tenders

    Bowleven has announced that the Presidential decree regarding the Etinde transaction has now been gazetted. This has satisfied the final outstanding condition of the farm-out process with LUKOIL and NewAge. The transaction is now scheduled to complete within 15 business days, at which point the company will receive the initial cash proceeds of approximately $170 […]

  • 27 October 2014
    Project & Tenders

    Bowleven has received notification from the Ministry of Mines of the Cameroon Government’s approval of the assignment of the Etinde equity interests to LUKOIL/NewAge, and the associated transfer of operatorship to Camop.  As a result of the Government’s official approval, the only remaining formality to transaction completion under the Etinde farm-out agreement announced with LUKOIL/NewAge on 24 June […]

  • 24 November 2011
    Business & Finance

    Bowleven, the West Africa focused oil and gas exploration group , announces that the Sapele-3 exploration well drilling in the Douala Basin, offshore Cameroon, has been drilled to a total depth (TD) of 4,480 metres. Having  successfully extended the previously defined play fairways at the Paleocene and shallower Tertiary intervals, the well is now being […]

  • 26 August 2014
    Business & Finance, Project & Tenders

    Bowleven, the Africa focused oil and gas exploration, has announced that all parties to the LUKOIL/NewAge Etinde farm-out agreement announced on 24 June 2014 have agreed to an extension to the longstop date. With the majority of conditions to transaction completion now satisfied, the longstop date, by definition the last date by which something must be […]

  • 26 November 2012

    Bowleven, the Africa focused oil and gas exploration group, has submitted the formal Etinde Exploitation Authorisation Application (EEAA) to the Cameroon authorities as planned. This formal EEAA submission follows an earlier draft supplemented with in-country workshops with Société Nationale des Hydrocarbures, the national oil company of Cameroon, to support the application. The submission represents a further […]

  • 3 October 2016

    Bowleven, the Africa focused oil and gas exploration group, has received the $15 million cash proceeds payable under the Etinde farm-out transaction with Lukoil and NewAge. The Etinde Permit lies in a shallow water offshore Cameroon, adjacent to the coast. Bowleven said on Monday that, as at September 30, 2016, the company had circa $100 […]

  • 17 March 2015

    Bowleven, the Africa focused oil and gas exploration group, has announced the completion of the farm-out transaction of the Etinde permit, offshore Cameroon.  The company has confirmed it has received the initial $165 million cash proceeds (excludes estimated $5 million working capital adjustment). The farm-out transaction comprised the sale of 30% and 10% interests in the Etinde Permit […]

  • 8 July 2011
    Project & Tenders, Research & Development

    Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces the following update on activities on the Etinde Permit, offshore Cameroon. Etinde PSC Extension In accordance with the provisions of the Etinde PSC, Ministerial approval has been received from the Government of Cameroon for a one year extension to the exploration […]

  • 8 July 2011
    Business & Finance, Project & Tenders

    Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces the following update on activities on the Etinde Permit, offshore Cameroon. Etinde PSC Extension In accordance with the provisions of the Etinde PSC, Ministerial approval has been received from the Government of Cameroon for a one year extension to the exploration […]

  • 28 February 2011
    Business & Finance

      Bowleven, the West Africa focused oil and gas exploration group traded on AIM, is pleased to announce that drilling has commenced on the Sapele-1 sidetrack (Sapele-1ST), Douala Basin, offshore Cameroon with the Noble Tommy Craighead jack-up rig. The principal objective of Sapele-1ST is to appraise the Deep Omicron oil discovery encountered in the Sapele-1 […]

  • 24 June 2014
    Business & Finance

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, has delivered its strategic intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL and NewAge. Bowleven will reduce its interest in the Etinde permit from 75% to 25% and receive aggregate consideration […]

  • 3 June 2014
    Project & Tenders

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, today said that a significant milestone has been achieved in the development of the Etinde Permit, offshore Cameroon.   Following a Special Operating Committee Meeting (OCM), held between the Cameroon State and the Contractor (EurOil and its partner CAMOP) on 21 May 2014, a […]

  • 5 February 2020

    New Age and Victoria Oil & Gas have signed a non-binding Letter of Intent (LOI) for the supply of gas from the Etinde field, offshore Cameroon.

  • 23 December 2014
    Project & Tenders

    Bowleven has announced that the Etinde farm-out transaction with LUKOIL/NewAge is at the final stage of completion. Bowleven announced its intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL and NewAge in June this year. Following the Government’s official approval of the assignment of […]

  • 4 March 2020
    Business & Finance

    New Age has awarded a contract to TechnipFMC to appoint it as lead FEED contractor for the development of the offshore IM gas condensate field at Etinde, Cameroon.

  • 6 November 2012

    Petrofac and Bowleven, the Africa-focused oil and gas company, have agreed a strategic alliance to support the proposed development of the Etinde Permit, offshore Cameroon. Under the terms of the strategic alliance, which is subject to Bowleven shareholder approval, Petrofac will provide engineering capability to Euroil, Bowleven’s Cameroonian subsidiary, to support the delivery of a […]

  • 4 August 2014
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Bowleven, the Africa focused oil and gas exploration group, has been awarded the Etinde Exploitation Authorisation (EA), signed by the President of Cameroon. This concludes the final stage of the EA award process. This EA gives Bowleven and its joint venture partners, which will include SNH, the Cameroon State oil company, development and exploitation rights over block […]

  • 12 May 2017

    Following a number of leadership changes led by an activist shareholder, Bowleven, the Cameroon focused oil and gas group traded on AIM, will reduce its headcount after deciding there will be no new exploration activity at this time.  To remind, Bowleven’s shareholders at a general meeting in March voted in favor of certain resolutions thereby ousting most of the company’s […]

  • 22 May 2018
    Exploration & Production

    New Age has started drilling the IM-6 appraisal well at the Etinde block offshore Cameroon using the Topaz Driller jack-up rig.

  • 4 August 2014
    Business & Finance

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, has informed that the formal decree awarding the Etinde Exploitation Authorisation (EA) has been signed by the President of Cameroon. This concludes the final stage of the EA award process. This EA gives Bowleven and its joint venture partners, which will include SNH, the […]

  • 6 February 2014
    Business & Finance, Project & Tenders

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, today announces an update on the Etinde Exploitation Authorisation Application (EEAA). The EEAA defines the means of monetising the Etinde hydrocarbons by supplying treated gas to a Government sponsored fertiliser plant and also through a liquefied natural gas (LNG) scheme. The submission of […]