BW Offshore has completed a deal with Harvest Natural Resources for its stake in the Dussafu production sharing contract (PSC) offshore Gabon.
BW Energy Gabon (BWEG) now holds a 66.67% working interest in the Dussafu PSC, while Panoro Energy holds the remaining 33.33%.
The deal, between BW subsidiary BWEG and Harvest Energia BV, a wholly-owned subsidiary of Harvest Natural Resources, was made on 22 December 2016.
BW Offshore and Panoro Energy are working towards closing of the acquisition of a further 25% working interest in the Dussafu license from a subsidiary of Panoro Energy, Pan-Petroleum Gabon BV (PPGBV), and a separate announcement will be made once such transaction is completed, says BW Offshore.
BWEG is in discussions with the Gabon Oil Co. (GOC) for their participation in the field ownership.
BWEG is owned by BW Energy Holdings (BWEH), a joint venture company between BW Offshore (66.67%) and Maple Co. (33.33%), a wholly owned subsidiary of BW Group, for pursuing oil and gas interests.
Read more:
Subscribe
