EnQuest plc has expanded its southeast Asia business into Vietnam by acquiring a 53.125% equity interest in the Chim Sáo and Dua production fields from Harbour Energy plc. BLOCK 12W The agreement, with a headline purchase of $84 million, is in line with the company’s aim to grow its international operating footprint with “fast-payback assets, […]
Tag: sale and purchase agreement – SPA
Scirocco secures more time to sell Ruvuma interest
Scirocco Energy plc has secured an extension to the long stop date for the sale of its 25% interest in the Ruvuma gas project in Tanzania. CONDITIONS PRECEDENT The company and purchaser ARA Petroleum Tanzania (APT) agreed to amend the date of the proposed $16 million transaction from 31 August 2023 to 30 September 2023. […]
Neptune agrees conditional $4.9bn sale to Eni-Vår Energi
Neptune Energy has agreed a conditional aggregate $4.9 billion sale of its assets, except those in Germany, to Eni International BV and Vår Energi ASA. NEW PHASE The deals, rumoured for several months, with the Italian major and its subsidiary are subject to, among other things, regulatory approvals with completion expected by the end of […]
Corallian sells for £32m to Shell UK
Reabold Resources plc reported the execution of the £32 million sale of its investee company Corallian Energy Ltd, holding the Victory discovery, to Shell UK Ltd. OPPORTUNITIES The investment company added it expected completion of the deal and initial gross consideration payment of £10m, c.£3.2m net to Reabold, will be during Q4 of 2022. Reabold […]