Deals this week: ExxonMobil, Total E&P, Murphy
ExxonMobil Exploracao Brasil Ltda has agreed to acquire a 50% working interest in Blocks SEAL-M-351 and SEAL-M-428 in offshore Brazil from Queiroz Galvao Exploracao e Producao SA, a subsidiary of QGEP Participacoes SA.
The blocks extend over an area of approximately 1,500km² in the deepwater Sergipe-Alagoas Basin. QGEP currently holds a 100% working interest and is the operator of the blocks.
QGEP has also agreed to sell 20% working interest in Blocks SEAL-M-351 and SEAL-M-428.
The blocks will be owned by ExxonMobil (50% and operator), QGEP (30%) and Murphy (20%), upon completion of the two transactions.
Total E&P Activites Petrolieres SA has agreed the $13.5m acquisition of a 25% stake in Orinduik block offshore Guyana from Eco (Atlantic) Guyana Inc (Eco Guyana), a subsidiary of Eco (Atlantic) Oil & Gas Ltd.
The purchase consideration includes an immediate payment of $1m as option fee and an additional payment of $12.5m in cash.
The block extends over an area of approximately 1,800km² in the shallow waters of Suriname Basin. It holds estimated recoverable reserves of up to 2,750 million barrels of oil.
The block will be owned by Tullow Oil (60%, operator), Total (25%) and Eco Guyana (15%), upon completion of the transaction.
Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda has agreed to buy 20% working interest in Blocks SEAL-M-351 and SEAL-M-428 offshore Brazil from Queiroz Galvao Exploracao e Producao SA (QGEP).
The blocks extend over an area of approximately 1,500km² in the deepwater Sergipe-Alagoas Basin.
The transaction will allow Murphy to expand its oil and gas assets portfolio in offshore Brazil.
Aker Solutions has received a contract from Statoil to deliver front-end engineering and design (FEED) services for a module at the Troll natural gasfield in the North Sea.
The contract also includes an option to offer engineering, procurement, construction and installation (EPCI) services for the module.
To be installed at the Troll A platform, the module will receive and process gases recovered from the Troll West field.
The Troll field is in the northern section of the North Sea, approximately 65km west of Kollsnes.