Revus complete Murchison and Delta acquisition from StatoilHydro
2008.03.03 -
Company News
Revus Energy ASA (OSE:REVUS) has now formally completed the acquisition of StatoilHydro's interests in PL 037C and PL 037D. The acquisition includes 51.88 per cent interest in PL 037C, including an 11.52 per cent interest in the Murchison field, and 21.88 per cent interest in PL 037D, including the Delta discovery, from Statoil ASA.
After this transaction Revus holds 100 per cent of both PL 037C and D including a 22.2 per cent
interest in the Murchison field. Revus already holds 100 per cent of the adjacent exploration
license PL 344, and the transaction strengthens the company's position in the area.
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
