Gulf Oil and Gas accountACCOUNT

SOCO Increases Interest in Cabinda North Block

Source: www.gulfoilandgas.com 11/28/2017, Location: Africa

Share |
Following on from Eni's announcement on 27 November 2017 of their appointment as Operator of the Cabinda North Block, SOCO is pleased to announce that its 80% owned subsidiary, SOCO Cabinda Limited, has agreed to increase its non-operating working interest in the Cabinda North Block Production Sharing Agreement from 17% to 22%.

The Cabinda North Block is located onshore the Angolan enclave of Cabinda. SOCO's increased interest and the change of operatorship follows a reassignment of interests amongst the block partners.

Final details and timing of the formal governmental Executive Decree to enact the change of operator and the reassignment of interests are expected shortly.

For more information about related Opportunities and Key Players visit West Africa Projects

Acquisitions and Divestitures News in Angola >>

Ireland >>  9/20/2018 - Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company (“Providence” or the “Company”), provides a commercial update on Standard E...
United Kingdom >>  9/17/2018 - Zennor Petroleum Limited is pleased to announce that its wholly owned subsidiary, Zennor North Sea Limited, has entered into a Sale and Purchase Agree...

Guyana >>  9/13/2018 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licences in highly prospective regions in Namibia and Guyana, is delighted to ...
United States >>  9/13/2018 - Vanguard Natural Resources, Inc. has executed a purchase and sale agreement for the sale of its ownership in natural gas properties in the Arkoma basi...

United States >>  9/12/2018 - Matador Resources Company announced the successful acquisition of 8,400 gross (8,400 net) acres for approximately $387 million, or a weighted average ...
South Africa >>  9/11/2018 - Azinam Limited, the Seacrest Capital-backed South West African oil exploration company, is pleased to announce the acquisition of a 40% operating inte...

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 


Angola Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Angola >>

More News

 

Oil & Gas Companies in Angola >>


Related Links

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