OMNIS Transfers Afren's Interest in Block 1101 to Oyster

Source: www.gulfoilandgas.com 11/12/2015, Location: Africa

Oyster Oil and Gas Ltd. has noted the widely reported demise of the Afren group, and also the recent release of its formerly held interests in Block 1101 in Madagascar. The Company is pleased to confirm that Oyster has been invited by the Government of Madagascar/OMNIS (Office des Mines Nationales et des lndustries Stratégiques) to meet to agree the transfer of responsibilities for Block 1101 to Oyster in accordance with the various contract agreements as well as discussions for the forward work program for 2016-2017.

Michael Wood, CEO commented: "The Oyster executive team have a long standing relationship with Madagascar and OMNIS, which goes back to 2006 as original signatories and operator of the contract (with a previous company). We look forward to working closely together in the future with OMNIS in developing the forward work program and oil prospectivity of Block 1101."

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


South Africa >>  6/27/2022 - In accordance with a farmout agreement (the "Agreement"), Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with a focus on the offsh...
Brazil >>  6/24/2022 - Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed with BW Energy Maromba do Brasil Ltda (BWE), the contracts for ...

Brazil >>  6/23/2022 - Petrobras, following up on the release disclosed on 06/14/2022, informs that its Executive Board, in a meeting held, approved the sale of its total st...
Brazil >>  6/23/2022 - BW Energy has been notified that the Company’s offer to acquire the Golfinho and Camarupim Clusters offshore Brazil has been approved by the Petrobras...

Brazil >>  6/22/2022 - Petrobras, following up on the release disclosed on 07/28/2021, informs that the Administrative Council for Economic Defense (CADE), in a court sessio...
Canada >>  6/22/2022 - EverGen Infrastructure Corp., Canada’s renewable natural gas (“RNG”) infrastructure platform, announces that it has been featured in a broadcast via N...

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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.