Antler Global Ltd has received a 12-month extension to the first two years of the production sharing contract for EG-08 block, offshore Equatorial Guinea. FARM-OUT The company has an 80% working interest in the PSC, while national oil and gas company, Guinea Equatorial de Petróleos (GEPetro), holds 20%. EG-08 contains 2.196 trillion cubic feet (Pmean), […]
Tag: production sharing contract (PSC)
EnQuest signs Gaea PSCs
EnQuest plc has signed production sharing contracts, awarded in April, for the Gaea and Gaea II exploration blocks in Papua Barat (West Papua). OPERATOR The two blocks hold a “multi-trillion standard cubic feet unrisked resource potential”, estimated to be “in excess of 100 tscf by the Ministry of Energy and Mineral Resources. Gaea and Gaea […]
Tullow signs Côte d’Ivoire PSC licence
Tullow Oil plc has signed a production sharing contract (PSC) for exploration licence CI-803, offshore Côte d’Ivoire. STRATEGY The company will be the operator with 90% equity while PetroCi* holds 10% Licence CI-803 covers 1,345 km2 and is next to licence CI-524 which is Tullow also operates on the same interest with PetroCi. Tullow said […]