Parnaiba Gas Natural, a wholly-owned subsidiary of Eneva, has agreed for a $54.5m acquisition of 100% interest in Azulao gas field (Concession BA-3) located in the Amazonas Basin, Brazil, from Petroleo Brasileiro (Petrobras).
Situated approximately 290km east of Manaus in Brazil, the Azulao gas field contains three wells and two productive wells.
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The transaction will allow Parnaiba Gas Natural to fortify its assets portfolio in Brazil.
Premier Oil has agreed to dispose its interests in licenses PL089 and P534, including Wytch Farm field, located in Dorset, UK, to Perenco UK, for a sale consideration of $275m.
Premier Oil owns a 33.8% interest in Wytch Farm field, which is estimated to hold net proved plus probable reserves of 14.9Mmboe. The field produced approximately 5,100boed in the first half of this year.
The proceeds from the sale are intended to be used by Premier Oil for repayment of its debt.
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By GlobalDataTlou Energy intends to raise $3.1m through the issue of 21.2 million shares in a private placement. The units will be offered to the investment funds managed by African Alliance Botswana.
Integra Advisory Partners and Motswedi Securities are the placement agents to Tlou Energy.
The proceeds from the placement are intended to be used by the company to fund the development of the Lesedi project and for working capital requirements.
The placement is subject to the listing of Tlou Energy on the Botswana Stock Exchange.
Durango Investment Holdings has received an equity investment from Morgan Stanley Energy Partners (MSEP).
The investment enables Durango to strengthen and expand its midstream businesses in the mid-continent region of the US.
The transaction allows MSEP to extend its investment portfolio.
Bill Barrett has agreed to dispose of its remaining non-core oil and gas assets located in Uinta Basin in Utah, US, for a cash consideration of approximately $110m.
The Uinta Basin assets are estimated to hold proved reserves of approximately 12Mmboe.
Bill Barrett has appointed Tudor, Pickering, Holt & Co. as financial advisor for the transaction.
Scheduled for completion by 31 December 2017, the transaction will allow Bill Barrett to emerge as a pure-play Denver-Julesburg Basin company.
