Scandoil  

Closing of the Acquisition of Stake in Dussafu Field


Published May 1, 2017
BW Offshore logo

BW Energy Gabon Pte. Ltd (BWEG), a subsidiary of BW Offshore, has completed the acquisition of 25% working interest in the Dussafu production sharing contract from Pan-Petroleum Gabon B.V. (PPGBV), a wholly owned subsidiary of Panoro Energy ASA. Closing is in line with the terms and conditions previously communicated in the stock exchange release made on 22 February 2017.

BWEG is owned by BW Energy Holdings Pte. Ltd. (BWEH), a joint venture company between BW Offshore (66.67%) and Maple Company Limited (33.33%), a wholly owned subsidiary of BW Group Limited, for the purpose of pursuing oil and gas interests.

Following the abovementioned closing, BWEG holds a 91.667% working interest in the Dussafu production sharing contract, while Panoro Energy ASA holds the remaining 8.33%.

BWEG is in discussions with the Gabon Oil Company (GOC) for their participation.

Tags: BW Energy Gabon Pte. Ltd (BWEG), BW Offshore, Pan-Petroleum Gabon B.V. (PPGBV)




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