Gulf Oil and Gas accountACCOUNT

Harvest Natural Resources Acquires an Interest in Gabon Exploration Block

Source: www.gulfoilandgas.com 12/13/2007, Location: Africa

Share |
Harvest Natural Resources announced it has executed a sale and purchase agreement to acquire a 50 percent operated interest in the Dussafu Marin Exploration Production Sharing Contract (PSC) located offshore Gabon from Sasol Petroleum West Africa Limited. The acquisition is subject to the approval of the Government of the Republic of Gabon and the co-venturers in the PSC. The PSC contains 680,000 acres located at water depths ranging from 0 to 1,000 feet.

Harvest President and Chief Executive Officer, James A. Edmiston, said: "The Dussafu PSC lies within an active proven hydrocarbon basin containing significant production and infrastructure in contiguous blocks and provides Harvest with exposure to multiple medium to low risk exploration plays and a pre-existing small oil discovery. Entry into Gabon with an operated position in the Dussafu PSC is consistent with our plans to organically grow a more diverse asset portfolio while maintaining focus on highly-proven hydrocarbon provinces."

The PSC co-venturers recently agreed to enter into the three-year second exploration phase of the PSC with an effective date of May 28, 2007. The second exploration phase work commitment includes the acquisition and processing of 500 kilometers of 2D seismic, geology and geophysical interpretation, engineering studies and the drilling of a conditional well.

Exploration News in Gabon >>

Australia >>  5/21/2018 - Comet Ridge Limited has announced that Easternwell’s Rig 101 spudded the Albany 1 sandstone appraisal well at 1430 hrs on Saturday 19 May 2018. At 060...
Egypt >>  5/21/2018 - Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement. ...

Argentina >>  5/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the succesful completion of drilling of the ELM-1004 explorati...
Argentina >>  5/18/2018 - Argentina has called on oil companies to submit proposals for offshore exploration areas, the country’s official gazette said on Friday, looking to ex...

Egypt >>  5/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well ...
Ghana >>  5/17/2018 - Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on T...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gabon Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Gabon >>

More News

 

Oil & Gas Companies in Gabon >>


Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.