Tethys Oil to buy Oman field stake
Oman The transaction, with an effective date of January 1, 2018, is subject to pre-emption rights of other partners and regulatory approval.
“We welcome this opportunity which, if completed, will be a valuable complement to our existing asset base and underscores our long-term commitment to the Sultanate of Oman,” Magnus Nordin, the managing director of Tethys Oil, said.
Block 53 is operated by Occidental of Oman (45%) alongside remaining partners Oman Oil Company Exploration and Production (20%), Indian Oil (17%), Liwa Energy (15%) and Partex Oil and Gas (1%).
Recent Posts
Jumbo Ørsted wind farms come on line offshore Taiwan
Ørsted’s Greater Changhua 1 and 2a offshore wind farms are in operation in Taiwan and their combined 900 MW of… Read More
SkyPower Global in 1-GW deal with Zambia electric utility
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
Afentra acquisition of Azule assets approved in Angola
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies, Vanguard Renewables to develop renewable natural gas
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More
Namibia: Sintana takes 67% in Giraffe, eyeing Orange Basin growth
Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a deal to acquire up to 67% in… Read More
AD Ports Group secures 20-year concession in Luanda
The UAE’s AD Ports Group has signed a concession agreement to operate and upgrade Angola’s multipurpose Luanda Port, the Emirati… Read More