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News Archive for: November 2012

BP to sell package of central North Sea assets to Taqa for $1.1 billion:

BP announced today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, BP currently expects will exceed $250 million. The assets included in the…

Tullow confirms onshore Kenya oil find:

Tullow’s Twiga South-1 exploration well in Block 13T, onshore Kenya, has encountered oil, the company confirmed 26 November 2012.

Twiga South-1 has encountered 30m of net oil pay with further potential to be assessed on test and has also encountered a tight fractured rock section with hydrocarbon shows over a…

Ireland commissions frontier seismic survey:

The Irish government is investigating ways of stimulating fresh exploration activity in its frontier western offshore basins.

At the recent Atlantic Ireland 2012 conference, Fergus O’Dowd, minister of state at the Department of Communications, Energy and Natural Resources, said the response to the 2011 Atlantic Margin licensing round had been…

Tullow picks up Guinea stake:

Tullow has reached an agreement for 40% operating interest in Houston-based Hyperdynamics’ offshore Guinea concession, the two companies announced on 20 November 2012.

In late October, Tullow expressed interest in joining the concession. Hyperdynamics, through its wholly owned subsidiary SCS Corp., will hold 37% interest in the concession once the…

BP confirms winning bids for Nova Scotia deepwater exploration blocks:

BP was notified that it was the successful bidder for four deepwater exploration blocks offshore Nova Scotia, Canada.

Nova Scotia Offshore Petroleum Board announced that BP was the successful bidder for blocks five, six, seven and eight in the call for bids NS12 1. The blocks together cover an area…

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