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BG Completes Purchase of Offshore Mauritania Interests

Source: www.gulfoilandgas.com 3/31/2004, Location: Africa

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BG Group announced that it has completed the purchase of Mauritania Holdings BV from Hardman Resources Limited for an aggregate cash consideration of US$132 million, plus up to a further US$5.1 million which is contingent on the attainment of certain exploration and production milestones. The announcement that BG Group had agreed the purchase was made on 19 February 2004. Through this acquisition BG Group has obtained a 13.084 per cent interest in the PSC covering area A and an 11.630 per cent interest in the PSC covering area B offshore Mauritania, West Africa.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  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 


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