Gulf Oil and Gas accountACCOUNT

Rialto Energy to Aquire Interest in Ghana

Source: www.gulfoilandgas.com 4/6/2010, Location: Africa

Rialto Energy Limited is pleased to announce that an affiliate of our International Joint Venture partner, Challenger Minerals Inc. (“CMI”), has been awarded an interest in the Accra Petroleum Agreement offshore Ghana per a recent announcement by Tap Oil Limited.

Under Rialto’s International Joint Venture Agreement with CMI (April 2007) Rialto has the right, but not the obligation, to seek an interest acquired by CMI and its affiliates in each international offshore oil and gas opportunity, excluding the USA Gulf of Mexico and the North Sea regions.

Subject to obtaining the approvals of the Ghana National Petroleum Company (GNPC) and the Ministry of Energy of the Republic of Ghana, Rialto, through the Joint Venture Agreement and a Memorandum of Understanding concerning the Accra Petroleum Agreement, has the right to seek an 18% equity interest in the Accra Petroleum Agreement. Rialto intends to exercise its rights under its agreements with CMI and looks forward to working with authorities in Ghana and the participants in the Petroleum Agreement to achieve relevant approvals.

Brett Woods commented that “the Accra Petroleum Agreement encompasses an attractive block located in the emerging West African transform margin where recent discoveries, particularly at Jubilee, have made the area an extremely important oil and gas province. Rialto looks forward to bringing its regional knowledge and skills into the venture and to participating in the contemplated work programme”

Oil & Gas Companies News in Ghana >>

Congo >>  11/12/2019 - Anglo African Oil & Gas plc has entered into a rig option agreement (the Rig Agreement) with Societe de Forage Petroliers (SFP) for the provision of a...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Ghana >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG 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 © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.