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Acquisitions and Divestitures News in United Kingdom

JX Nippon to Farm-in to Serica’s Block 22/19c
9/18/2012 - Serica Energy plc announces that it has reached agreement with JX Nippon Exploration and Production (U.K.) Limited (JX Nippon) for the farm-out of UK Central North Sea Block 22/19c (Licence P.1620), i...
InfraStrata Farms Out Additional Interest in P1918 to Corfe
8/14/2012 - InfraStrata plc, the independent gas storage and petroleum exploration company, is pleased to announce that it has farmed out a further 8% interest in English Channel licence P1918 to Corfe Energy Lim...
BP to Sell its Interests in Alba and Britannia Fields
6/26/2012 - BP announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (Mitsui) for $280m in cash. The sale comprises BP’s non-operating 13.3%...
BP Sells UK Offshore Gas Fields to Perenco
3/27/2012 - BP announced that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its busi...
Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
2/27/2012 - The Parkmead Group plc is pleased to report that it has completed the acquisition of four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea from Sorgeni...
TAQA Announces UK North Sea Farm-In Agreements
2/13/2012 - Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange, announced two farm-in agreements with a subsidiary of Fairfield Energy Limited (Fairfield...
Egdon Acquired Certain Assets from EnCore
1/6/2012 - Egdon Resources plc is pleased to announce that EnCore Oil plc (“EnCore”) will assign to Egdon its 7.5% interest in a newly offered offshore licence covering part blocks 98/13 and 98/14. This assignme...
Egdon to Sell 15% Interests in PEDL118 and PEDL203
12/23/2011 - Egdon Resources plc is pleased to report that it has reached agreement with Nautical Petroleum AG, a wholly owned subsidiary of Nautical Petroleum plc, to sell 15% interests in onshore UK Petroleum Ex...
Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
12/19/2011 - The Parkmead Group plc is pleased to announce that it has signed an agreement with Sorgenia E&P (UK) Ltd. to acquire four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK...
Total to Acquire GDF SUEZ Interest in Elgin Franklin
12/6/2011 - Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This particip...
Premier Oil Acquires Wytch Farm Assets
6/20/2011 - Premier announces that it has agreed to acquire an interest of 17.715 per cent in Wytch Farm (the “Wytch Farm Assets”) for an initial cash consideration of $96 million. This follows a pre-emption noti...
Alkane Acquired Interests in 2 Gas Licences
6/10/2011 - Alkane announced that it had agreed to acquire interests in two onshore gas exploration licences (“Licences”) via the conditional acquisition of the entire issued share capital of Seven Star Natural G...
Canadian Overseas Petroleum Increases Interest in UKCS Block 23/21
6/7/2011 - Canadian Overseas Petroleum Limited (COPL), through its wholly owned subsidiary, Canadian Overseas Petroleum (UK) Limited, has signed a farm-in agreement with SSE E&P UK Limited (SSE) whereby COPL wil...
Premier Signs Solan Field SPA with Chrysaor
5/31/2011 - Premier is pleased to announce that it has signed the sale and purchase agreement (SPA) with Chrysaor to acquire equity in Licence P164 in order to participate in the development of the Solan field in...
Leed Petroleum Sells Oil and Gas Assets for US$16m
5/23/2011 - Leed Petroleum PLC, the oil and gas exploration and production company, announces that, further to the announcement on 6 May 2011, Leed Petroleum LLC (Leed LLC) sold all of its oil and gas assets to a...
Nautical Petroleum Completes Kraken Acquisition
5/20/2011 - Nautical Petroleum plc is pleased to announce the completion of the acquisition of an additional 15% interest in UKCS Licence P1077 Blocks 9/2b and 9/2c, which includes the Kraken discovery, from Cana...
Completion of Blane Oil Field Acquisition
5/17/2011 - Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, is pleased to ann...
BP Agrees Sale of Wytch Farm to Perenco UK Limited
5/17/2011 - BP announced that it has agreed to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge fields to Perenco UK Ltd for up to $610m in cash. The price includes $55m contingent on Perenco'...
EnQuest to Acquire Stake in Crawford and Porter Dev
5/10/2011 - EnQuest PLC is pleased to announce a farm in agreement with Fairfield Acer Limited (Fairfield) for UKCS Block 9/28a - Area B, which contains the Crawford oil field and the 9/28a -18 Porter oil discove...
Nautical Acquires a 15% Interest in Kraken Discovery
5/6/2011 - Nautical Petroleum plc is pleased to announce that it has signed an agreement to acquire a further 15% interest in the UKCS Licence P1077 Block 9/2b, which includes the Kraken discovery, from Canamens...

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