Search results for: Niko Resources

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  • 28 March 2016
    Business & Finance

    Canadian oil and gas exploration and production company, Niko Resources, has announced that its Chairman of the Board and interim CEO, Kevin J. Clarke, intends to resign.  The decision will be effective upon the completion of Niko’s restructuring transaction announced earlier in March when the company announced that it would seek to delay its payment obligations […]

  • 20 December 2011
    Business & Finance

    Niko Resources Ltd. has been awarded two new Production Sharing Contracts (“PSCs”) in Indonesia. The Company now has interests in 20 Indonesian PSCs including 13 in its West Papua portfolio. As shown in above, the 8,217 Km2 SE Seram offshore block is adjacent to Niko’s Seram, East Bula and Kumawa blocks and also borders a […]

  • 19 December 2011
    Business & Finance

    Niko Resources Ltd. unveiled today that the Trinidad and Tobago Government has approved the assignment to Niko of an interest in the Mayaro-Guayaguayare Bay block (“MG Block”). The MG Block lies just offshore of the southeast corner of the island of Trinidad and is adjacent to Niko’s 2(ab) block to the northeast and Niko’s Guayaguayare […]

  • 19 October 2016
    Exploration & Production

    Oil and gas company Niko Resources has reached a settlement agreement with offshore drilling contractor Diamond Offshore over drilling contracts for the pair of semi-submersible rigs Ocean Lexington and Ocean Monarch.  Niko hired Diamond’s semi-sub Ocean Monarch in 2011 for a four-year term with the option of one additional year. The contract started in 2012 […]

  • 12 September 2011
    Business & Finance

      Niko Resources Ltd. announces that it has reached an agreement with Hess Corporation in which a Hess subsidiary company will become a joint venture participant in the Kofiau Production Sharing Contract (PSC) in Indonesia. As a result of the farmout, Niko will operate with a 57.5% interest and Hess will earn a 42.5% working […]

  • 21 November 2013

    International oil and gas explorer Niko Resources has announced that Ed Sampson, Chairman, CEO and President of the Company, will retire, effective the end of the calendar year.   During his 18 years with Niko, he was the architect of its expansion within India and to many international areas, including Bangladesh, Indonesia, and Trinidad & […]

  • 9 November 2011
    Business & Finance

    Niko Resources Ltd. announced that it has signed a contract with a subsidiary of Diamond Offshore (“Diamond”) – a major deepwater drilling contractor. This is the largest deepwater exploration contract in the history of Indonesia and will dramatically increase Indonesia’s opportunities for major hydrocarbon discoveries in deepwater. Niko is Indonesia’s largest deepwater acreage holder and […]

  • 16 April 2014
    Business & Finance

    Canada-based Niko Resources Ltd. has announced that Stewart Gossen, a 40 year veteran of the oil and gas industry, has been elected to the Board of Directors effective April 11, 2014. Gossen is a former executive with Vecta Energy Corporation, Enbridge Inc. and Home Oil Company. He is also the current Chairman of the Board of Directors for […]

  • 23 April 2012

    Niko Resources  announced that Zaratex N.V as operator of the Lhokseumawe PSC has initiated drilling operations on the Candralila-1 well in western Indonesia. Niko recently took a 30% non- operating participating interest in the PSC (government approvals pending). The Candralila-1 well is the first of two wells to be drilled back to back on the […]

  • 23 April 2012
    Business & Finance

    Niko Resources Ltd. reports that Zaratex N.V as operator of the Lhokseumawe PSC has initiated drilling operations on the Candralila-1 well in western Indonesia. Niko recently took a 30% non- operating participating interest in the PSC (government approvals pending). The Candralila-1 well is the first of two wells to be drilled back to back on […]

  • 21 September 2015
    Business & Finance

    Niko Resources, an India and South East Asia focused oil and gas exploration and production company, has appointed Christopher H. Rudge as a director of the company. Niko Resources has also announced that Joshua Sigmon has resigned as a director of the company. Rudge currently serves as executive chairman and CEO for the Toronto Argonauts […]

  • 14 January 2011
    Business & Finance

    Niko Resources Ltd.  announces that it has reached a Farmout agreement with Repsol Exploration SA (“Repsol”) in which Repsol, through its subsidiaries, will become a joint venture participant in both the East Bula and Seram Production Sharing Contracts (PSC) in Indonesia. As a result of the agreement, Niko as operator will hold 55% working interest […]

  • 24 December 2010
    Business & Finance

    Niko Resources Ltd. announced  that it has reached an agreement with Sonde Resources Corp. (“Sonde”), under which Niko will acquire Sonde’s 25% interest in Block 5(c), located 94 kilometers off the east coast of Trinidad. The transaction is to be satisfied at closing via US $75.5 million in cash, and the assumption of Sonde’s liability […]

  • 28 April 2015
    Business & Finance, Project & Tenders

    Ophir Energy plc has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources (Niko). Ophir entered into agreement with Niko to acquire interest in seven PSCs in October 2014. The PSCs that have been acquired today (April 28) are West Papua IV, Aru, Kofiau and Halmahera-Kofiau, all of which will be […]

  • 13 December 2012

    Niko Resources Ltd. has started drilling operations at the Ajek-1 well in the Kofiau block in Indonesia on 12/12/12. The Ajek-1 well is to be drilled to a depth of approximately 5,900 feet and is expected to take 40 to 45 days. The move of approximately 2,400 nautical miles from Western Indonesia to Eastern Indonesia […]

  • 28 April 2015

    Ophir Energy said that it has completed the acquisition of four deepwater production sharing contracts in Indonesia from Niko Resources.

  • 27 October 2014

    Ophir Energy buys interest in seven PSCs in Indonesia from Niko Resources.

  • 28 April 2015

    Ophir Energy said that it has completed the acquisition of four deepwater production sharing contracts in Indonesia from Niko Resources.

  • 23 February 2011
    Business & Finance

      Reliance Industries announced a multi block partnership with BP. As a result, Niko can acquire up to a 30% increase from current working percentages in all or any one of its stakes in D6, NEC 25 and D4. Niko will be reviewing this opportunity over the coming weeks. The new relationship with the additional […]

  • 3 April 2012

    Niko Resources announced commencement of its exploration drilling program in Indonesia and participation in the company’s twenty‐first block in the country. Niko will partner with Zaratex N.V. in the 5908km2 Lhokseumawe PSC in western Indonesia. The block is located directly adjacent to the giant Arun field (>3.1BBOE) and associated LNG plant. A 3865km2 3D program […]

  • 13 June 2012
    Business & Finance

    Niko Resources Ltd., an oil and gas exploration company, currently one of the largest independent landowners in both Indonesia and Trinidad, announces drilling operation updates. The Rowan Gorilla III offshore rig has spudded the Shadow-1 prospect on the 2(ab) block, in Trinidad.   Shadow is targeting up to 150 million barrels of oil and 1 TCF of  gas. The well is located 17.5 kilometres east of the Stalin location […]

  • 13 June 2014
    Business & Finance, Project & Tenders

    Niko Resources Ltd. has announced that the Government of Trinidad and Tobago has approved the previously announced sale of a 25% interest in Block 5(c) in Trinidad and Tobago to a subsidiary of the BG Group, 75% interest owner and operator of the block, for gross proceeds of $62 million. Under the terms of the agreement, […]