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Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
Eni (NYSE: E) said Aug. 14 that a new concession agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities.
ExxonMobil Namibia, an affiliate of Exxon Mobil Corp., has entered an agreement with Namibian explorer Azinam Ltd. to acquire a 30% interest in petroleum exploration license (PEL) 44 offshore Namibia, according to a news release.
As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.
The acquisition included Apache’s 35% working interest in the Seagull development and a 50% working interest in the Isabella prospect, both operated by Apache North Sea.
Oil major Total (NYSE: TOT) will maintain operatorship of the block with a 60% ownership, Petronas said in a statement.
The bidding for 59 fields will begin in the first week of September and will close on Dec. 18.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.
Under the agreement, Serica UK will acquire a 42.25% interest in the Bruce field and a 25% interest in the Keith field and associated infrastructure.
State-owned energy company Pertamina will operate Rokan from Aug. 8, 2021, to 2041, under a gross split production-sharing contract, Tahar said.
Aker BP has grown quickly through a series of mergers and acquisitions during the last few years to become one of the largest players on the Norwegian continental shelf.
Iraq’s Oil Minister Jabar al-Luaibi has ordered the state-run companies of the oil ministry to develop Mansuriyah gas field, Oil Minister Jabar al-Luaibi said in a statement.