Gulf Oil and Gas accountACCOUNT

A Relinquishment Agreement in Qara Dagh Block

Source: www.gulfoilandgas.com 11/14/2012, Location: Middle East

Share |
Niko Resources Ltd. announces that, along with its consortium partners, Niko has entered into a relinquishment and termination agreement (the Relinquishment Agreement) with the Kurdistan Regional Government (KRG) to surrender their collective interests in the Qara Dagh Block located in the Kurdistan Region of Iraq.

The Relinquishment Agreement is clear that none of the consortium partners will have any future obligations or liabilities with regard to the original production sharing agreement.

Pursuant to the Relinquishment Agreement, and after settlement of outstanding expenses, Niko expects to recover a net amount of USD $14.9 Million.



Acquisitions and Divestitures News in Iraq >>

Australia >>  10/13/2017 - Key Petroleum has announced that subsequent to the agreement of binding terms for the acquisition of AWE's 100% interest in Production Licence L7 (R1)...
United States >>  10/13/2017 - Chaparral Energy, Inc. has entered into a definitive agreement to sell its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets for $1...

Ivory Coast (Cote D'Ivoire) >>  10/12/2017 - Tullow Oil plc (Tullow) has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the...
Netherlands/Holland >>  10/12/2017 - Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro’s trenching and cable laying business in exchange for...

South Africa >>  10/12/2017 - Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore Plc and a group of black South African-owned companies of Ch...
Argentina >>  10/9/2017 - Advisers to China’s Sinopec have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

Oil & Gas Projects in Iraq >>

More News

 

Oil & Gas Companies in Iraq >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.