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Category: Industry Projects

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.

By George GaoIn Industry ProjectsPosted

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...