News listings

energy-pedia farmouts/divestments

Cameroon flagCameroon

Middle East / Africa >>> Cameroon

Cameroon: Bowleven announces change of partner and operator at the Etinde Licence


08 Jul 2022

Photo - see caption

Bowleven, the Africa focused oil and gas Exploration and Production Company with key interests in Cameroon, has announced the expiry of the 30 day right of pre-emption period pertaining to New Age (African Global Energy)'s definitive conditional agreement with a subsidiary of Perenco, to transfer all of New Age's participating interests in the Etinde permit and operatorship of the Etinde JV to Perenco.

Neither LUKOIL nor Bowleven exercised their right of pre-emption over New Age's interest.

A number of conditions to Perenco's acquisition of New Age's interest in the Etinde permit remain outstanding, including customary regulatory approvals by the Cameroon government, competition approval and, exclusive exploitation authorisation (EEA) Titulaire confirmation (by way of a letter issued by the Minister). Bowleven will provide a further update in due course.

Eli Chahin, Chief Executive Officer of Bowleven, said:

'The change of JV partner at Etinde is a key development in accelerating the path to FID with the Etinde JV to be spearheaded by a high calibre international operator with strong and longstanding roots within the Cameroon ecosystem. We believe that the project will benefit from best-in-class technical capability and a partner that brings additional optionality in ensuring a positive outcome for all stakeholders.'

Original article link

Source: Bowleven





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 277

Completed Deals

Completed Upstream Deals: 6459

Company Profiles

Current Company Profiles: 2886

Corporate Activity

Current Corporate Activity articles: 4038

Companies Looking

Current number of articles: 463

Company Sales

Current Company Sales articles:1622

Geostudies

Current Geostudies articles: 920

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Bayphase
Borchwix
Rose & Assocs 180
Merlin
OPC
Government of South Australia
Telos NRG
Syntillica
Union Jack Oil 149
energy365
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com