Scandoil  

Argos signs participation agreement with Noble Energy and Edison International


Published Feb 23, 2016
Argos Resources Ltd-2

Argos Resources Limited, which holds a 5% Overriding Royalty Interest in Licence PL001 in the North Falkland Basin, has signed a Participation Agreement with Noble Energy Falklands Limited and Edison International S.p.A that replaces the Farmout Agreement between the Parties.

On February 12, the company had received notification from Noble, the Operator of Licence PL001, of an event of Force Majeure resulting in them being unable to drill an exploration well on the Licence using the Eirik Raude rig.

It was also declared at that time that a new Participation Agreement between the Parties would be entered into, replacing the Farmout Agreement, to address the various changes created as a consequence of the Force Majeure event.

Tags: Argos Resources Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml