Offshore staff
HOUSTON –Hyperdynamics Corp. (NYSE:HDY) is looking to sell part of its 77% interest in a 25,000-sq km (9,653-sq mi) exploration concession offshore Guinea, West Africa.
The company wants to farm-out about half the interest to “an experienced oil and gas company that would also service as operator of the project going forward.”
“During this farm-out process, we will be evaluating potential partners on a number of criteria, including significant deepwater operating experience – preferably along the Atlantic margin, access to deep water rigs, and the operational capacity to fully evaluate the concession over the remaining exploration period of our Production Sharing Contract with the government of Guinea,” said Ray Leonard, Hyperdynamics’ president and CEO.
Dana Petroleum holds a 23% non-operated working interest in the Guinea concession.
4/18/2012
