Search results for: Farm-Out

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  • 17 March 2015

    MEO Australia Limited has said it has been informed by the international exploration company (the Farminee) that it has received final board approval to proceed with the exercise of its option to farm into MEO’s WA-488-P permit, offshore Australia. Subject to final farmin documentation and customary regulatory approvals, the exercise of the option provides the Farminee with a 30% […]

  • 24 February 2015
    Business & Finance, Exploration & Production

    Swedish oil company Lundin Petroleum will farm out a 30 percent interest in production licence PL338C, offshore Norway, to Hibiscus Petroleum’s jointly-controlled entity Lime Norway. The production licence contains the Gemini prospect which is currently being drilled with the Island Innovator rig. The well is located in PL338C approximately 10 km southwest of the Edvard Grieg field, […]

  • 12 March 2014

    Westbridge is continuing its recently initiated farm-down process of its interests in blocks 1811B, 1910A rel., 1911A rel., 1912B, and 2011A rel. offshore Namibia in the Walvis Basin.   Westbridge began the process in January 2014 and has partnered with EZ Dataroom, a provider of marketing and dataroom services to oil and gas firms. Westbridge […]

  • 22 May 2013

    Tangiers executes farm-out agreement on Australian exploration acreage. Deal gives Tangiers ongoing exposure to the exploration upside while enabling it to focus its resources on acquiring interests in African oil and gas assets

  • 9 September 2008

    PA Resources is farming out a 72.5 percent interest in the exploration licence Marine XIV offshore the Republic of Congo. Under the deal, the Norwegian listed oil and gas group will sell 29.4 percent working interest in Marine XIV to SOCO Exploration and Production Congo (SOCO EPC). It is also selling 21.55 percent to a […]

  • 17 March 2015

    MEO Australia said that its wholly owned subsidiary has been formally notified by the international exploration company that it has received final board approval to proceed with the exercise of its option to farm into WA-488-P.

  • 17 March 2015

    MEO Australia said that its wholly owned subsidiary has been formally notified by the international exploration company that it has received final board approval to proceed with the exercise of its option to farm into WA-488-P.

  • 10 May 2013

    Tangiers Petroleum Limited announced that its Board has approved the final terms of its Farm-Out Agreement with CWH Resources Limited and Ansbachall Pty Limited covering two of Tangiers’ Australian exploration permits. Tangiers has also been informed that the Boards of CWH and Ansbachall have approved the final terms and conditions of this Farm-Out Agreement, which […]

  • 14 May 2013
    Business & Finance

    Afren has completed a farm-out agreement with Lekoil (subject to Nigerian Ministerial Consent), in respect of a 17.14% participating interest in the OPL 310 licence located offshore Nigeria. Under the terms of the farm out, Afren will receive a total carry of up to US$50 million in respect of an exploration well currently being drilled […]

  • 11 February 2014
    Business & Finance

    FAR Ltd has received $5 million from Capricorn Senegal Ltd, a subsidiary of Cairn Energy, in relation to its Senegal Farm-out deal (following final approvals from the Senegal government). FAR will be drilling two back to back wells in Senegal the first of which is expected to spud in Q1 2014. The receipt of the […]

  • 10 March 2015
    Project & Tenders

    IGas Energy said that it has signed a farm-out and purchase agreement with INEOS.

  • 10 March 2015
    Project & Tenders

    IGas Energy said that it has signed a farm-out and purchase agreement with INEOS.

  • 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 […]

  • 6 October 2011
    Business & Finance

    Dominion announced  that it has agreed to farm-out a 20% working interest in Block 7, deepwater Tanzania to a subsidiary of Mubadala Oil & Gas (“Mubadala”). Following the completion of the transaction Dominion will hold an  80% working interest and operatorship in the Block. Under the terms of the agreement Mubadala will pay Dominion a […]

  • 30 April 2014
    Business & Finance, Project & Tenders

    Fastnet Oil & Gas Plc, the E&P company focused on exploration acreage in Africa and in the Celtic Sea, announces formal completion of its farm-out of a 9.375% interest in the Foum Assaka Licence, off-shore Morocco, to SK Innovation, the energy and chemicals affiliate of SK Group, South Korea’s third largest conglomerate. Completion had been […]

  • 19 January 2016
    Business & Finance

    InfraStrata, an independent petroleum exploration and gas storage company, is farming out its Petroleum Licence P2123, offshore Ireland, in order to secure funds to drill a well on a licence onshore Ireland that is adjacent to P2123.  InfraStrata and its joint venture partner Brigantes Energy Limited, that is 45% owned by InfraStrata, entered into a series of farm-out […]

  • 11 November 2015
    Business & Finance

    Xcite Energy has entered into a farm-in agreement with Azinor Catalyst Limited (Catalyst) in relation to its Licence P.1979, located on the UK Continental Shelf, near its North Sea Bentley field.  The Licence P.1979 contains Blocks 9/4a, 9/8b and 9/9h. Xcite says that, under the agreement, Catalyst will undertake, at its own cost, a detailed technical […]

  • 20 August 2014

    Chariot Oil & Gas Limited has signed a farm-out agreement in Brazil with AziLat Limited.

  • 8 June 2016
    Project & Tenders

    Hurricane Energy plc, the UK-based oil and gas company, has suspended the farm-out discussions over its Lancaster project west of Shetland. In a statement on Wednesday, Hurricane highlighted the successful completion of a £52.1 million Placing and Subscription announced in May 2016, which will enable Hurricane to proceed independently to drill and test both a […]

  • 20 August 2014
    Business & Finance

    Chariot Oil & Gas Limited’s wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazilian authorities, AziLat will hold a 25% equity interest […]

  • 4 February 2014

    Dart Energy said it has completed the Farm-out Agreement with Total E&P UK Limited in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140. Dart Energy now holds a 17.5% interest in both licences, and will receive US$1 million in cash consideration. Work has now commenced on seismic acquisition and planning, which […]

  • 5 June 2017
    Project & Tenders

    Irish oil and gas exploration company Providence Resources has received consent from the Minister of Communications, Climate Action, and Environment for the transfer of 30 percent equity in FEL 2/14 off Ireland to Capricorn. Providence said on Monday that the consent followed the March farm-in by Capricorn, a subsidiary of Cairn Energy, where Capricorn will partner […]