Vitol Secures Stake in Etinde Permit

Bowleven announced that the Etinde Permit farm-out transaction entered into with Vitol is completed. The transaction comprised the acquisition by VEP of an initial 25% interest in Etinde, in return for funding a $100 million gross work program; and an option to acquire a further 25% interest, in return for funding an additional $100 million gross work program and paying $25 million in cash to the Bowleven group to progress Etinde activities. The Etinde Permit area comprises three shallow water blocks (MLHP-5, MLHP-6 and MLHP-7) in offshore Cameroon, West Africa.

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Landman - Permian Basin
Expertise: Landman
Location: Midland, TX
SXL - Senior Counsel, Corporate Finance & Securities
Expertise: Accounting|Legal
Location: Newtown Square, PA
Operations Supervisor - Hobbs, NM Job
Expertise: Asset Management|Operations Management|Refinery / Plant Operations Supervisor
Location: Hobbs, NM
search for more jobs

Brent Crude Oil : $49.71/BBL 1.50%
Light Crude Oil : $48.7/BBL 2.05%
Natural Gas : $3.11/MMBtu 12.68%
Updated in last 24 hours