Gulf Oil and Gas accountACCOUNT

Echo Energy Announces the Acquisition of Santa Cruz Sur Package

Source: www.gulfoilandgas.com 11/13/2019, Location: South America

Echo Energy, the Latin American-focused upstream oil and gas company, is pleased to announce that the acquisition by the Company of a 70 per cent. initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks (the Santa Cruz Sur Assets), from Petrolera El Trebol SA, a subsidiary of Phoenix Global Resources plc has now completed.

Martin Hull, Chief Executive, commented:

"I am delighted to complete this transaction, which will be a key catalyst for Echo. We believe we have secured a very attractive price for a package of assets which provide the Company with a balanced, revenue-generating portfolio with significant upside as well as exciting near-term drilling opportunities. I look forward to updating shareholders on our progress in due course, not least as we finalise preparations for drilling at Tapi AIke."

Acquisitions and Divestitures News in Argentina >>

Norway >>  12/10/2019 - Var Energi celebrates one year as a company and strengthens NCS position as the acquisition of ExxonMobil’s upstream business in Norway is completed. ...
United States >>  12/10/2019 - Talos Energy Inc. (Talos) (TALO) announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gu...

Brazil >>  12/9/2019 - Petroleo Brasileiro S.A.- Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed the sale of its entire stake i...
Colombia >>  12/9/2019 - Canacol Energy Ltd. (Canacol) (CNEC) is pleased to announce it has successfully secured a 100% operated working interest in three new conventional gas...

United States >>  12/6/2019 - Equinor and Repsol have completed their previously announced transaction, whereby Equinor has sold its 63% interest in, and operatorship of, its onsho...
Australia >>  12/5/2019 - Buru Energy Limited has reached agreement with Roc Oil (Canning) Pty Limited (Roc) for Roc to withdraw from its current 50% interest in Canning Basin ...

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 


Argentina Oil & Gas 1 >>  2 | 3 | 4 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.