Petronas Australis Pty Ltd., a subsidiary of the Malaysian national oil and gas company Petroliam Nasional Berhad, Kuala Lumpur, Malaysia, plans to acquire the Mauritanian assets of Woodside Petroleum Ltd., Perth, Australia, (Australia: WPL) for US$418 million. The assets include interests in eight upstream acreages in Mauritania, including in the offshore production-sharing-contract A and B areas, the producing Chinguetti oil field in PSC B, offshore blocks 2, 6 and 7 and onshore blocks Ta 11 and Ta 12. Petronas already has an existing 35% share in Block 6. Except for Block 7, Petronas will assume operatorship in all of the acreages following the acquisition.
Recommended Reading
Exclusive: Surge Energy Seeks Midland M&A with $1.3B in Dry Powder
2024-11-19 - Surge Energy is one of the largest private oil producers in the Permian Basin. With $1.3 billion in dry powder to put to work, Surge is scouring the northern Midland Basin for M&A, executive Travis Guidry told Hart Energy.
Expand Keeps Eye on Comstock’s Monster Haynesville Expansion
2024-11-18 - But while Expand Energy keeps a watchful eye on what its neighbors are doing, the current gas price is too difficult for Expand to dive into the costly far western Haynesville play itself, said Tim Beard, Expand’s vice president of drilling.
CEO: Ovintiv Passes on Permian Prices for More Montney Condensate
2024-11-14 - Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.
EOG Greenlights Second Rig to Ohio Utica Oil Wildcatting
2024-11-12 - EOG Resources has put 25 modern stimulated horizontals to date in the oily Utica fairway in eastern Ohio with one rig and IPs of up to 3,250 boe/d, 70% oil and 85% liquids.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.