BG Completes Purchase of Offshore Mauritania Interests

Source: www.gulfoilandgas.com 3/31/2004, Location: Africa

BG Group announced that it has completed the purchase of Mauritania Holdings BV from Hardman Resources Limited for an aggregate cash consideration of US$132 million, plus up to a further US$5.1 million which is contingent on the attainment of certain exploration and production milestones. The announcement that BG Group had agreed the purchase was made on 19 February 2004. Through this acquisition BG Group has obtained a 13.084 per cent interest in the PSC covering area A and an 11.630 per cent interest in the PSC covering area B offshore Mauritania, West Africa.


Canada >>  10/31/2024 - Rubellite Energy Inc. (“Rubellite”) and Perpetual Energy Inc. (“Perpetual”) are pleased to jointly announce that today they have completed their previ...
United Kingdom >>  10/31/2024 - On 19 August 2024, the boards of directors of i3 Energy and Gran Tierra announced that they had reached agreement on the terms of a recommended and fi...

Australia >>  10/30/2024 - The Directors of Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) are pleased to announce it has now entered into a binding acquisition agreement to acqu...
Bermuda >>  10/30/2024 - Archer Limited (“Archer”) announces that it has entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC (“WFR”). WFR is a US based w...

Canada >>  10/30/2024 - Razor Energy Corp. (and together with its wholly-owned subsidiaries, Blade Energy Services Corp. and Razor Holdings GP Corp., collectively (unless the...
United States >>  10/30/2024 - Galco Industrial Electronics, Inc. ("Galco") announced that it has acquired D. F. Burnham & Company, a leader in hydraulic and pneumatic components lo...

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 © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.