BP has agreed to buy working interests in exploration licences from Kosmos Energy Ltd for sites in offshore Mauritania and Senegal.
It will see BP acquire a 62% working interest in the Mauritania sites, and gain 32.49% for exploration of the Senegal areas.
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The deal involves a purchase consideration of $916m and a production royalty of up to $2 a barrel, for up to 1,000 million barrels of oil and gas.
Mauritania licences include C6, C8, C12, and C13 blocks, while Senegal's cover Saint-Louis Profond and Cayar Profond blocks.
Scheduled for completion in the first quarter of 2017, the transaction will enable BP to extend its oil and gas assets portfolio to Mauritania and Senegal.
Total S.A has agreed to acquire certain interests in oil and gas assets in Santos Basin, Brazil, from Petroleo Brasileiro S.A (Petrobras). The purchase consideration for the deal is $2.2bn.
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By GlobalDataThe transaction involves the transfer of a 22.5% interest in Sururu, Berbigao and Oeste de Atapu fields in the Lara area in Block BM-S-11, a 35% interest in Lapa field in Block BM-S-9, and a 50% interest in the Romulo de Almeida and Celso Furtado thermal plants located in Bahia.
The agreement also includes a provision to offer Petrobras an option to acquire a 20% stake in the Perdido Belt deepwater exploration Block 2 in Gulf of Mexico, US.
Scheduled for completion by February, the transaction will allow Total to expand its energy assets portfolio in Brazil.
Kosmos Energy Ltd plans to acquire an additional 5% working interest in exploration licences in offshore Senegal from Timis Corporation.
The licences comprise Saint-Louis Profond and Cayar Profond blocks, which are currently owned by Kosmos (60%), Timis (30%) and Societe des Petroles du Senegal (Petrosen) (10%).
The agreement will allow Kosmos Energy to raise its stake in oil and gas assets in Senegal.
Queiroz Galvao Exploracao e Producao (QGEP) has agreed to acquire the remaining 35% working interest in FZA-M-90 exploratory block in the Foz do Amazonas Basin in offshore Brazil from Premier Oil do Brasil Petroleo e Gas Ltda.
The deal includes a purchase consideration of $9.2m and involves the transfer of approximately 189,900 acres.
QGEP will hold 100% stake in the block upon completion of the transaction.
DEA Norge AS has agreed to acquire stakes in seven licences in the Norwegian Sea, from Engie E&P Norge AS.
It will involve the sale of 20% interest in PL107 and PL132 (Njord field), 10% in PL348 (Hyme field) and PL348B (Snilehorn field), 15% in PL107B and PL107D (Noatun field), and 20% stake in PL107C (North Flank discovery).
The Njord field is a deepwater conventional oilfield, while the Hyme and Noatun fields are shallow water conventional oilfields. The fields are located in the Norwegian Sea Basin.
The transaction will allow DEA Norge to expand its oil and gas assets base in Norway.
Helix Energy Solutions Group Inc has announced the pricing and upsizing of the public offering of 23 million shares. The company intends to raise $198.95m through the sale, which has been increased from 21 million to 23 million shares.
The underwriters have a 30-day option to buy up to 3.45 million shares. The amount raised from the offering is intended to be used by the company for general corporate purposes.
Helix Energy has appointed Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as the joint book-running managers, and Locke Lord LLP and Maslon LLP as legal advisors for the issue, which is scheduled for closure on 10 January.
Statoil has acquired Wintershall Norge’s (Wintershall) 25% stake in the Byrding project on the Norwegian Continental Shelf (NCS).
Statoil holds a 70% stake in Byrding (PL090B) project in the northern portion of the North Sea following the completion of the transaction.
Statoil expects to recover approximately 11 million barrels of oil equivalent from the Byrding project, which is scheduled to come online in the third quarter of 2017.
Summit Group has signed a deal with Petrobangla to construct a floating liquefied natural gas terminal offshore Moheshkhali Island in Bangladesh.
Under the agreement, Summit LNG Terminal Company will establish a floating terminal within 18 months of signing the final agreement.
The daily supply capacity of the terminal facilities will be approximately 500 million cubic feet of natural gas. Summit Group will transfer the terminals to Petrobangla after its operating term of 15 years.
