Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

123456
Showing posts with label Peru. Show all posts
Showing posts with label Peru. Show all posts

Tuesday, 27 February 2018

OVL and GeoPark announce strategic partnership across Latin America

Tuesday, February 27, 2018  , , , , , , , , , ,  No comments

ONGC Videsh, the international arm of Indian oil & gas giant ONGC, and GeoPark have entered into a long-term partnership to acquire and invest in upstream projects across Latin America. Both companies have an existing presence in the region and the partnership will help the two companies work together as a consolidator of assets to build a large scale business. GeoPark has a sporadic portfolio throughout Latin America and has aspired to build...

Read More

Wednesday, 10 January 2018

Tullow ventures into Peru

Wednesday, January 10, 2018  , , ,  No comments

Tullow has farmed into Karoon Gas' 35% of Block Z-38 in Peru. This reduces Karoon Gas' interest to 40% with Pitkin Petroleum being a 25% partner. Tullow has acquired the 35% interest in return for: Funding 43.75% of the cost of the first exploration well, capped at US$27.5m (for 100% cost of well) after which Tullow will pay its 35% share; and US$2m payable upon completion with US$7million payable upon declaration of commercial discovery...

Read More
Subscribe to: Posts (Atom)