Petroleum Africa
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Tuesday, April 11, 2017
BW Energy Gabon (BWEG), a subsidiary of BW Offshore, completed its acquisition of 100% interest in Harvest Dussafu from Harvest Energia. Harvest Energia is a wholly-owned subsidiary of Harvest Natrual Resources.
The company said that the closing is in line with the terms and conditions previously announced.
BWEG is owned by BW Energy Holdings (BWEH), a joint venture company between BW Offshore (66.67%) and Maple Company (33.33%), a wholly owned subsidiary of BW Group, for the purpose of pursuing oil and gas interests.
Following the above-mentioned closing, BWEG holds a 66.66% working interest in the Dussafu production sharing contract, while Panoro Energy holds the remaining 33.33%.
BW Offshore and Panoro Energy are working towards the closing of the acquisition of a further 25% working interest in the Dussafu license from a Panoro Energy subsidiary, Pan-Petroleum Gabon. In relation to and subject to the closing of the acquisitions from Panoro and Harvest, BWEG is in discussions with the Gabon Oil Company (GOC) for their participation in the field ownership.
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