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Signature of MOU Regarding Blocks J-14, J-15, K-14 And K-15

Source: www.gulfoilandgas.com 6/18/2012, Location: Africa

The Ministry of Mines, Industry and Energy is pleased to announce that a Memorandum of Understanding (MOU) has been signed regarding Blocks J-14, J-15, K-14 and K-15, offshore Rio Muni, Equatorial Guinea.

The MOU was signed between the Ministry of Mines, Industry and Energy, Murphy Worldwide Inc. (operator), Vanco Oil and Gas Ltd., Dana Petroleum (E&P) Limited and GEPetrol, the national oil company of Equatorial Guinea. Following the signature of the MOU a single Production Sharing Contract (PSC) will be negotiated for blocks J-14, J-15, K-4 and K-15.

The Minister of Mines, Industry and Energy, H.E Gabriel Mbega Obiang Lima stated “The Ministry of Mines, Industry and Energy is very pleased that Equatorial Guinea continues to attract investment in offshore exploration and is very happy to welcome investment in our petroleum sector from new companies such as Murphy and Dana”.

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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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