Petroleum Africa
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Tuesday, September 4, 2018
Soco International updated the sale purchase agreement (SPA) it entered into earlier this year for the sale of its 80% holding in Soco Cabinda.
The long stop date for satisfaction or, where applicable, waiver of the SPA conditions was August 31. The parties to the SPA have agreed an extension of this long stop date to September 30 to allow additional time for receipt of the customary approvals required for completion.
Soco Cabinda holds a 22%, non-operating, working interest in the production sharing contract for the Cabinda North Block in Angola.
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