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A subsidiary of UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has signed non-binding heads of terms (HoT) with an undisclosed energy company to farm out an interest in a production sharing contract (PSC) offshore Equatorial Guinea.
The UK firm disclosed that its affiliate Antler Global entered into detailed commercial discussions with what it says is an energy major for its stake in the EG-08 PSC offshore Equatorial Guinea, leading to the HoT deal. Europa has a 34.32% interest in the PSC through its 42.9% ownership in Antler Global, which in...
Egypt signs oil and gas exploration deals worth more than $121 million
CAIRO, Sept 14 (Reuters) - Egypt signed three investment agreements worth more than $121 million for oil and gas exploration in the Western desert, Suez Gulf and north of Sinai, the Egyptian petroleum ministry said on Sunday. The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache, for about...