Shell to Sell Its 20% Share in Iraq’s West Qurna 1

• Thursday, 11th January 2018
• by Sarah Samir

Iraq approved the sales of the 20% stake owned by Royal Dutch Shell in the country’s West Qurna 1 oil field to Japan’s Itochu Corporation, a senior oil official told Reuters. The main lead contractor and operator at t...

Wentworth to Farm-out from Tembo-1, Mozambique

• Thursday, 15th June 2017
• by

Wentworth Resources announced in an operational update that the farm-out process for its Tembo-1 appraisal asset in northern Mozambique is now underway, Petroleum Africa reported. The analysis of the results from the ...

Erin Energy Enters Farm-Out Deal with FAR for Gambia Blocks

• Wednesday, 29th March 2017
• by

Erin Energy Corporation announced this week that it has entered into a definitive farm-out agreement with FAR Ltd., whereby FAR will acquire an 80% interest and responsibility of the operation of Erin Energy’s offshor...

Bowleven and VOG Signed a Farm-out Agreement in Cameroon

• Wednesday, 8th March 2017
• by

Bowleven and Victoria Oil & Gas (VOG) have signed a farm-out agreement that has VOG joining Bowleven company on the Bomono Production Sharing Contract (PSC) in Cameroon, a deal that has been under negotiations bet...

BW Offshore to Operate Namibian Project

• Tuesday, 7th February 2017
• by Sarah Samir

BW Offshore signed a farm-out deal in order to become operator of the Kudu license offshore Namibia with a 56% stake. BW Offshore’s subsidiary BW Kudu will acquire the license with the state-owned oil company Na...

SAPETRO to Buy Stake in Concession Offshore Guinea

• Wednesday, 7th December 2016
• by Editorial Team

Hyperdynamics has announced that it has signed a letter of intent (LOI) with South Atlantic Petroleum Limited (SAPETRO) farm-out part of Hyperdynamics’ oil and gas concession offshore Guinea, informed Ecofin Agency. T...

Africa Energy Acquired Interest in Namibia’s Offshore Block

• Wednesday, 30th November 2016
• by Editorial Team

Africa Energy has signed a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to buy a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37), reported Ecofin Agency...