Gulf Oil and Gas accountACCOUNT

SOCO Provides Update for its Interest in SOCO Cabinda

Source: www.gulfoilandgas.com 2/13/2013, Location: Africa

SOCO International plc provides Operational Update for the option to sell majority interest in SOCO Cabinda Limited (SOCO Cabinda) to minority interest holder.

As originally announced on 25 September 2012 SOCO entered into a conditional agreement wherein it would sell its 80% majority interest in SOCO Cabinda Limited to the minority shareholder of the company, which holds the remaining 20% interest. SOCO Cabinda has a 17% participating interest in the Cabinda North Block, onshore the Angolan enclave of Cabinda. Under the terms of the agreement, SOCO received a non-refundable deposit for the option to acquire, within 120 days, SOCO's entire shareholding in SOCO Cabinda.

Earlier this month, SOCO agreed to an approximate three week extension of the option expiry date.

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

Acquisitions and Divestitures News in Angola >>

Australia >>  7/9/2020 - 88 Energy Limited is pleased to advise that that as at 7.00pm (Sydney time) on 8 July 2020, 88 Energy had acquired 90.97% of the shares in XCD Energy ...
Brazil >>  7/9/2020 - Petrobras signed with OP Pescada Oleo e Gas Ltda., a wholly-owned subsidiary of Ouro Preto Oleo e Gas S.A., an agreement for the sale of its entire st...

Brazil >>  7/9/2020 - Petrobras, regarding to the news published in the media, referring to the divestment of the Landulpho Alves Refinery (RLAM), clarifies that there was ...
Egypt >>  7/9/2020 - Noble Energy, Inc. (NBL) (“Noble Energy”) provided an update on multiple fronts, including second quarter sales volumes and cost performance. ...

India >>  7/9/2020 - BP and Reliance Industries Limited (RIL) today announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited ...
Canada >>  7/8/2020 - Solo, the AIM investing company targeting attractive production and development opportunities within the European energy market, provides the followin...

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 | 9 |

Oil & Gas Projects in Angola >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.