Murphy Oil Corporation has signed an agreement to acquire 5% interest in Block 15-1/05 from PetroVietnam Exploration Production Corp (PVEP) through its subsidiary Murphy Cuu Long Bac Oil.

Block 15-1/05 includes the Lac Da Nau prospect located in Cuu Long Basin, offshore Vietnam. It spans 760,000 acres and lies in water depths ranging between 40m (131ft) and 50m (164ft).

Murphy Oil’s ownership interest in the block will increase from 35% to 40%, following the transaction.

Based in the US, Murphy Oil is an oil and gas company, while PVEP is a Vietnamese oil and gas company and a subsidiary of Vietnam Oil and Gas Group.

The transaction is expected to strengthen Murphy Oil’s oil and gas assets portfolio in Vietnam.

SD Standard Drilling plans to acquire two UT 755 LN design medium-size platform supply vessels for $4.9m through its vessel-owning company, Northern PSV.

Based in Cyprus, SD Standard Drilling is an oil and gas company and has a 25.53% stake in Northern PSV.

“The transaction will increase OMV’s ownership interest in the block to 82.93% and strengthen its oil and gas assets portfolio in New Zealand.”

The company will finance the acquisition from the funds raised through an equity offering.

The acquisition will enable Northern PSV to make an entry into the shipping market.

Royal Dutch Shell has divested its 60.98% stake in the Great South Basin exploration block to OMV.

The block is located in the Great South Basin offshore New Zealand in 1,000m (3,280ft) of water.

Based in the Netherlands, Shell is an integrated oil and gas company, while OMV is an oil and gas company based in Austria.

The transaction will increase OMV’s ownership interest in the block to 82.93% and strengthen its oil and gas assets portfolio in New Zealand.

French exploration company Total has entered agreements with Abu Dhabi National Oil Company (ADNOC) to acquire stakes in two new offshore concessions located in Abu Dhabi for AED5.3bn ($1.45bn).

Total will acquire a 20% participating interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession, as part of the agreement.

Located approximately 135km and 65km offshore Abu Dhabi, the Umm Shaif and Lower Zakum concessions are operated by ADNOC’s subsidiary ADNOC Offshore.

The other stakeholders in the Lower Zakum concession, aside from Total and ADNOC, are ONGC Videsh, Inpex, and Eni.