Sojitz Corporation Company News

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VAALCO Agrees to Acquire Sojitz's Stake in Etame Marin Permit Off Gabon
Tuesday, August 02, 2016VAALCO agrees to acquire Sojitz's 3.23 percent participating interest in the Etame Marin Permit offshore Gabon.

IPR Scores Another Alam El Bueib Discovery in Egypt's Western Desert
Thursday, September 02, 2010IPR, and its partner, Sojitz Oil and Gas, have discovered another oil bearing structure in the underlying Alam El Bueib sands in the Yidma-Alamein License in Egypt's Western Desert.

VAALCO Buys More Time for Etame Permit Off Gabon
Tuesday, December 01, 2009VAALCO Energy has successfully negotiated an extension to its Etame Marin Exploration Permit offshore Gabon three years beyond the original expiration date of July 2011.

Ocean Patriot Completes Drilling Program at BMG Field
Thursday, September 03, 2009Following completion of the Basker-7 development well as a future producer, the Ocean Patriot rig has departed the BMG field having completed the 2009 workover and drilling program ahead of schedule.

Pertamina Picks Up Stake in Offshore BMG Project
Wednesday, August 19, 2009Anzon Australia has completed the sale of a 10% participating interest in Production Licenses VIC/L26, VIC/L27 and VIC/L28, offshore Victoria, which include the BMG project, to a subsidiary of Pertamina.

Roc Oil Highlights Workover Program at BMG Oil and Gas Field
Tuesday, August 04, 2009Anzon Australia, a wholly owned subsidiary of ROC, has provided an update on BMG Oil and Gas Field operations.

Chevron Taps First Oil from Frade Field Offshore Brazil
Tuesday, June 23, 2009Chevron commenced crude oil production from the Frade Field, the company's first operated deepwater development in Brazil.

BMG JV Suspends B5 Workover, Moves Ocean Patriot to B3 Well
Tuesday, June 23, 2009Anzon Australia advised that the Basker-5 well workover has been suspended and the Ocean Patriot rig moved to the Basker-3 well workover.

Ocean Patriot Spins Bit for BMG Drilling Program
Tuesday, June 16, 2009The Ocean Patriot rig has commenced the 2009 drilling program for the BMG Project.

BMG Project Participants File Defense in Australian Court
Friday, April 17, 2009Today, the participants in the BMG Project have jointly filed a Defence to the Statement of Claim in the Federal Court of Australia related to BW Offshore's claim seeking recovery costs for the BMG Phase 2 Project.

DECC Approves Centrica's UK Seven Seas Field Development
Tuesday, March 24, 2009Centrica's Seven Seas gas field in the UK Southern North Sea has received development consent from the Department of Energy and Climate Change.

Baker-Manta-Gummy JV Swaps Rigs, Trims Project Costs by $100MM
Tuesday, March 17, 2009The Basker-Manta-Gummy JV will focus on enhancing the production performance of its Phase 1 oil project, and will cut costs for its Phase-2 gas project by $100 million.

BW Offshore Files Claim against BMG Project Participants
Friday, February 20, 2009AZA received notice of a claim against the participants in the BMG Project by BW Offshore in the Federal Court of Australia seeking recovery of costs relating to terminating third party vendor contracts.

Afren to Maximize Okoro Setu Production, Sees Strong Growth in '09
Tuesday, December 16, 2008Afren and Amni's near term focus will be to continue to maximize production from the Okoro Setu field in Nigeria, while reducing field operating costs to reflect the current oil price environment.

Afren, Sojitz JV to Hunt for, Invest $500MM in African Asset Opportunities
Thursday, October 09, 2008Afren has entered into a strategic alliance with Sojitz Corporation to jointly pursue significant acquisition opportunities in Africa.

Anzon's Basker, Manta Fields Reach 7,550 BOPD Production in Q2
Thursday, July 31, 2008Anzon Energy issued a production and exploration activities report for the second quarter ended June 30, 2008. Oil from the Basker and Manta fields averaged 7,550 bopd.

Anzon JV Inks LOIs for FPSO and Rig for Australian BMG Project
Monday, July 07, 2008The Basker Manta Gummy (BMG) Joint Venture has announced its intent to move forward on a major expansion of its Oil & Gas Development in the Gippsland Basin (Vic L26, L27 and L 28). The JV signed two LOIs for an FPSO and the rig Songa Venus.

Anzon Reports Successful Completions at Basker 6 ST1
Friday, May 02, 2008Since the last Basker 6 ST1 report the weather in Bass Strait has abated and operations to complete the well have continued successfully.

Beach Successfully Completes Sojitz Transaction for BMG
Tuesday, April 29, 2008Beach received a cash payment from Sojitz of A$123 million on 24 April 2008. The transaction remains subject to approval of the regulatory authority.

Caza Enters Farm-out Agreement In Wilcox 116
Monday, February 18, 2008Under the terms of the agreement Sojitz has acquired a 10% interest in the Wilcox 116 Property. In return Sojitz will bear 13.33% of the drilling costs to casing point of the Jonell Cerny Gas Unit #1 test well.

Helix Sells Stake in Three Gulf of Mexico Fields
Tuesday, October 02, 2007Energy Resource Technology GOM, Inc. has sold its interests in the Phoenix, Boris and Little Burn oilfield to Sojitz Corporation for a cash payment of $40 million.

JBIC Signs US$170mn Frade Field Deal
Wednesday, March 28, 2007Japan's international development bank JBIC has signed a U$170mn loan agreement with Japan's FJPL oil consortium for the development of the offshore Frade field in Brazil, JBIC said in a statement.

VAALCO Energy Begins Avouma Production
Tuesday, January 16, 2007VAALCO Energy says that oil production has begun from the Avouma Field off the coast of Gabon in West Africa.

BP Indonesia Hopes to Secure Another $900M for Tangguh
Tuesday, December 12, 2006BP Indonesia hopes to secure the remaining US$900 million needed for the Tangguh liquefied natural gas project by the end of next year, according to the company's executive vice president in charge of the Tangguh enterprise, Budiman Parhusip.

Sojitz to Participate in Newfield's UK Southern Gas Basin Program
Tuesday, September 12, 2006Newfield Exploration has entered an agreement with Sojitz relating to Newfield's Southern Gas Basin exploration and development program.

Chevron & Partners Commit to Frade Field Development
Wednesday, June 21, 2006Chevron along with partners Petrobras and Frade Japao Petroleo Limitada have committed to develop the Frade oil field offshore Brazil. The Frade Field is Chevron's first oil field development project in Brazil.

ATP Improves Returns by Adding Partner at Tors
Thursday, December 01, 2005ATP Oil & Gas has agreed to sell 15% of the ATP 100% working interest in the Tors fields (Garrow and Kilmar) in the Southern Gas Basin of the UK North Sea to Sojitz Energy.