The transfer is expected to be completed within a few months subject to its approval by the Republic of Kazakhstan.
The minimum working program for the exploration period includes geological surveys, seismic data gathering and exploration drilling, a news release said.
Reservoir services company Core Laboratories NV acquired Sanchez Technologies in an all-cash transaction. Sanchez is based in Viarmes, France. Sanchez designs and manufactures cutting-edge reservoir pressure-volume-temperature equipment and instrumentation.
Blocks IV and V are in central Mongolia near Gobi-Altai Basin and Central Gobi Basin. Petro Matad received about US$2.7 million from BG Group. BG received 78% working interest.
Taas-Yuriakh Neftegazodobycha LLC’s blocks near China’s northern border will supply the planned Tianjin refinery on the east coast, according to OAO Rosneft, which sold the 20% holding last week.
The blocks are located on the outer shelf and upper slope of the Gulf of Mexico in water depths of less than 1,000 feet, the release said.
BP will take a 20% stake in Taas-Yuriakh Neftegazodobycha LLC in Russia’s Far East, according to statements from Rosneft and BP.
Board estimates the deal’s total value at about US$750 million. Transaction is scheduled to close within one week. West Polaris is a sixth-generation ultradeepwater drillship contracted to ExxonMobil in Angola.
Joint-venture partners and the government of Vietnam approved PetroVietnam’s acquisition of the shares of Chevron subsidiaries working offshore Vietnam. Blocks B, 48/95 and 52/97 have been explored since 1996.
The agreed purchase price for the transaction is $602 million, of which $40 million is subject to the Maria Field development being approved by the Norwegian Ministry of Petroleum and Energy, according to the release.
Shell’s acquisition of BG, scheduled to close in early 2016, requires further regulatory reviews from several foreign agencies, but the FTC ruling might serve as a model for further regulatory reviews.
The Cooper Basin producer’s subsidiary Beach Petroleum has transferred its 30% interest in Block 28 to the operator Petroceltic Romania for nominal consideration.