Venture acquire six gas discoveries from Tullow
2008.04.03 -
Company News
Venture Production plc (“Venture”), the Aberdeen headquartered UK independent oil and gas production company, today announces that it has agreed to acquire a package of interests in six proven but undeveloped gas discoveries close to existing infrastructure in the Caister Murdoch System, one of the most important gas export hubs in the southern North Sea.
Estimated recoverable resources net to Venture total 266 billion cubic feet (“Bcf”) and two of the fields to be acquired are anticipated to have Field Development Plans (“FDPs”) submitted during 2008. The package of assets is being acquired from Tullow Oil plc for a consideration of £35 million in cash at completion.
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.
