Farm In

Eland acquires stake in Nigeria’s Ubima onshore field

August 15, 2014 | Farm In, Nigeria

London-listed Eland has completed a $10 million farm-in agreement for 40% of the onshore Ubima oil and gas field in Rivers State, Nigeria London, United Kingdom | – West Africa-focused  independent oil and gas companyEland Oil & Gas reported Friday that its subsidiary, Wester Ord Oil & Gas, has agreed to buy a 40-percent participating interest in Nigeria’s Ubima field from Allgrace Energy Limited. Ubima lies onshore in the northern part of Rivers State, adjacent to Oil Mining Lease 17. Four wells were drilled on …

Eni buys 40% stake in Sasol field offshore South Africa

June 10, 2014 | Farm In, South Africa

San Donato Milanese, Italy – Italian multinational oil major, Eni has concluded an agreement with Sasol Petroleum International,  the upstream O&G subsidiary of Sasol Limited, to acquire a 40% interest and operatorship in the Exploration Right permit 236 (ER236) in South Africa, the Italian company announced Tuesday. The permit grants the right to explore for hydrocarbons on a wide offshore unexplored area of 82,000 sq km on South Africa’s east coast, Kwazulu-Natal province. The permit was granted to Sasol by the South African regulator Petroleum Agency of South Africa (PASA) in …

Statoil farms out 15% interest in Angola Pre-Salt Block

April 03, 2014 | Angola, Development / Production, Farm In

London – Norway’s multinational oil and gas major Statoil ASA has agreed to farm out a 15% interest in Block 39 of the Kwanza pre-salt basin offshore Angola to WRG Angola Block 39 Ltd. (WRG). The deal is subject to approval by Sonangol EP, the Angolan Minister of Petroleum, and the license partners, according to the company. Statoil operates Block 39 and retains a 40% interest after the farmout. The remaining interest is held by Sonangol (30%) and Total SA (15%) in addition to the interest …