Exxon Mobil Corporation (ExxonMobil) is to acquire a 40% stake in PPL 374 and PPL 375 licences in the Gulf of Papua, Papua New Guinea, from Gini Energy Limited for an undisclosed amount.
Gini Energy is a subsidiary of CNOOC Limited. The PPL 374 and PPL 375 licences span an area of 24,936km², with water depths ranging from 1,000m-2,500m.
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The deal will allow ExxonMobil to fortify its gas assets portfolio in Papua New Guinea.
Anadarko Petroleum Corporation has agreed to spend $2.65bn to acquire 91 drilling blocks in the deepwater Gulf of Mexico, US, from Freeport-McMoRan Oil & Gas LLC (FM O&G).
The purchase consideration will include a combination of cash, contingent payments and the assumption of future abandonment obligations associated with the assets.
The assets produce at a rate of approximately 80,000 net barrels of oil equivalent a day and hold estimated proved reserves of approximately 126Mboe.
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By GlobalDataJefferies Group LLC and Latham & Watkins LLP are the financial and legal advisors to Anadarko respectively.
Scheduled for completion by the end of Q4 2016, the deal will allow Anadarko to strengthen its base in the Gulf of Mexico.
Petoro AS has agreed to acquire a 20% interest in the Dvalin gas field (formerly Zidane field) from OMV (Norge) AS.
The Dvalin gas field in PL435 production license is located in the Norwegian Sea, 15km north-west of the Heidrun field and 35km south of the Skarv field.
The field is currently owned by DEA Norge (40%, operator), OMV Norge (20%), Maersk Oil Norway AS (20%) and Edison Norge AS (20%).
Upon completion of the deal, the field will be owned DEA Norge (40%, operator), Petoro (20%), Maersk Oil (20%) and Edison (20%).
The deal is scheduled for completion by the end of 2016.
RockRose Energy Plc has signed a deal to acquire non-operated interests in Wytch Farm, Scott and Telford fields in the UK from Maersk Oil North Sea (UK) Limited.
The fields currently produce at a rate of 2,000bpd. The deal will allow RockRose Energy to expand its oil assets portfolio in the UK North Sea.
Pura Vida Energy NL has announced its plans to farm-out interest in Nkembe block located offshore Gabon.
Located 30km off the coast of Gabon, the Nkembe block comprises Loba oilfield. It covers an area of 1,210km² in water depths ranging from 50m-500m.
The Loba field holds prospective reserves of 21.5Mboe.
