Search results for: SOCO

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  • 1 October 2018

    London-listed oil company SOCO International has said all conditions for the previously announced sale of its Angola assets have been met

  • 2 July 2018

    Soco has entered into a sale and purchase agreement for the sale of its entire shareholding in Soco Cabinda Limited.

  • 5 March 2018
    Business & Finance

    Merger talks between London-listed Soco International and MENA-focused Kuwait Energy have been terminated.

  • 29 January 2015
    Business & Finance

    Soco International has said that its capital expenditure for 2014 should be around $90 million, down from $161 million in 2014. The majority of the planned investment, 70 million, will go on Soco’s operations in Vietnam, while $20 million will be spent for its African operations in Congo. Furthermore, the company has also set aside $25 million […]

  • 3 April 2014
    Business & Finance

    SOCO announces that Anya Weaving will join the Company as Chief Financial Officer with effect from 1 May 2014. Weaving joins SOCO from Bank of America Merrill Lynch where she was a Managing Director in Mergers and Acquisitions (“M&A”) with responsibility for the oil and gas sector. Weaving has been with Bank of America Merrill […]

  • 24 May 2019

    Soco International, an oil company focused on Vietnam, and as of recently on Egypt, has said its production for the 1Q was in line with expectations. It has also said it is looking at potential M&A opportunities

  • 6 August 2018

    London-listed oil company Soco International has via its Vietnamese JV HLJOC extended the charter for the FPSO located in the Te Giac Trang (TGT) field, offshore Vietnam.

  • 31 July 2018
    Exploration & Production

    Oil production from CNV and TGT fields offshore Vietnam has been below expectations amid operational issues, and more rigs might be needed to alleviate the issue, SOCO International said on Monday.

  • 8 January 2018
    Business & Finance

    London-listed oil and gas company Soco International is discussing a possible merger with MENA-focused Kuwait Energy. 

  • 16 November 2017

    The Republic of Congo ministers have adopted Soco’s applications for a 25-year exploitation permit over several offshore areas. The oil company, operator of the Marine XI Block, said on Thursday the application covered the Viodo, Lideka and Loubana areas. These applications covered areas that were previously part of the shallow water Marine XI permit, which expired […]

  • 30 October 2017
    Business & Finance

    Soco International, a London-listed oil and gas exploration and production company, has signed a production sharing agreement (PSC) for blocks 125 and 126, offshore central Vietnam, with PetroVietnam and SOVICO Holdings. Soco said on Monday that the PSC was formally signed on October 27. The deal will see the company become the operator of the […]

  • 6 March 2019

    Soco International has decided not to make an offer for Ophir Energy after an original all-share proposal was rejected in January.

  • 10 January 2011
    Business & Finance

    In its Interim Management Statement on 18 November 2010, SOCO stated that it was applying for an extension to the Te Giac Den Appraisal Area licence. The Company has been informed by the Hoang Long Joint Operating Company (JOC), the Operator of Block 16-1 in the Cuu Long Basin offshore Vietnam, that the initial response […]

  • 25 June 2018

    Soco International has sold its interests in Congo (Brazzaville) for $10 million and an overriding royalty on future oil and condensate production sold from those interests to Coastal Energy.

  • 26 June 2008

    SOCO International (“SOCO” or “the Group”) At the SOCO AGM, being held today, the following statement has been made: “There is no doubt that SOCO has made significant strides over the past year and is now well placed to drive forward its growth strategy, being in a strong financial position and with a portfolio that […]

  • 22 May 2018
    Business & Finance

    Soco International, a London-listed oil and gas exploration and production company, has appointed a new non-executive director.

  • 17 September 2018

    Soco International, an oil and gas exploration and production company, has signed a new $125 million reserve based lending facility.

  • 5 August 2015
    Project & Tenders

    Soco International, an independent oil and gas company with assets in Africa and South East Asia, will start production from the H5 block in the Te Giac Trang field offshore Vietnam, ahead of its previously announced September/October plan. In a statement issued Wednesday, Soco said the Hoang Long Joint Operating Co.-operated H5 development project was […]

  • 15 February 2019

    Oil company Soco International’s last year’s sale of its offshore block in Congo to Coastal Energy has been put under the spotlight this week by Global Witness, an international NGO investigating corruption in the energy sector.

  • 8 February 2016
    Exploration & Production

    Soco International, an oil and gas exploration and production company, has announced that the Baobab Marine-1 (BABM-1) commitment well started drilling on February 5, 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore Congo. Soco is the operator of the block with 60% interest and its project partners are PARC and SNPC […]

  • 18 November 2015
    Project & Tenders

    Soco International, an independent oil company with assets in Vietnam and Congo, has upgraded its production guidance for the full year 2015, but it has also provided a lower preliminary guidance for 2016. The company’s shares fell 18.6 percent following the announcement. In an update on Tuesday, the company said that full-year guidance is revised […]

  • 26 February 2016
    Exploration & Production

    Soco International, an oil and gas exploration and production company, has found on hydrocarbons present in the Baobab Marine-1 (BABM-1) commitment well, offshore Congo.  Soco started drilling the BABM-1 commitment well, in the Mer Profonde Sud Block located in the Lower Congo Basin, on February 5, 2016. The well reached total depth on February 25, 2016. The well was […]