BW Offshore: Closing of the acquisition of stake in Dussafu field
(Thomson Reuters ONE) -
BW Energy Gabon Pte. Ltd ("BWEG"), a subsidiary of BW Offshore, has today
completed the acquisition of 100% interest in Harvest Dussafu B.V. from Harvest
Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources, Inc.
(NYSE:HNR). Closing is in line with the terms and conditions previously
communicated in the stock exchange release made on 22 December 2016.
BWEG is owned by BW Energy Holdings Pte. Ltd. (BWEH), a joint venture company
between BW Offshore (66.67%) and Maple Company Limited (33.33%), a wholly owned
subsidiary of BW Group Limited, for the purpose of pursuing oil and gas
interests.
Following the abovementioned closing, BWEG holds a 66.66% working interest in
the Dussafu production sharing contract, while Panoro Energy ASA holds the
remaining 33.33%.
BW Offshore and Panoro Energy ASA are working towards closing of the acquisition
of a further 25% working interest in the Dussafu licence from a subsidiary of
Panoro Energy, Pan-Petroleum Gabon B.V. ("PPGBV"), and a separate announcement
will be made once such transaction is completed. In relation to and subject to
the closing of the acquisitions from Panoro and Harvest, BWEG is in discussions
with the Gabon Oil Company (GOC) for their participation in the field ownership.
For further information, please contact:
Knut R. Sæthre, CFO, +47 9111 7876
IR(at)bwoffshore.com or www.bwoffshore.com
About BW Offshore:
BW Offshore is a leading global provider of floating production services to the
oil and gas industry. BW Offshore has a fleet of 14 owned FPSOs and one FSO
represented in all major oil & gas regions world-wide. BW Offshore has a long
track record on project execution and operations. In more than 30 years of
production, BW Offshore has executed 38 FPSO and FSO projects. The company is
listed on the Oslo Stock Exchange.
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 10.04.2017 - 07:31 Uhr
Sprache: Deutsch
News-ID 535342
Anzahl Zeichen: 2667
contact information:
Town:
Oslo
Kategorie:
Business News
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"BW Offshore: Closing of the acquisition of stake in Dussafu field"
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