Svenska farms into Ivory Coast, Conga blocks

Svenska Petroleum Exploration has entered into a farm-in agreement with Edison International to acquire a 20% working interest in block CI-24 in the Ivory Coast.

Offshore staff

STOCKHOLM -- Svenska Petroleum Exploration has entered into a farm-in agreement with Edison International to acquire a 20% working interest in block CI-24 in the Ivory Coast.

Svenska has also entered into a farm-in agreement with Perenco Exploration and Production (Congo) to acquire a 29.75% working interest in Marine block IV in the Republic of Congo. The work program will entail acquisition of new 3D seismic, reprocessing of existing seismic, and acquisition of an aeromagnetic/gravity survey.

Completion is subject to government approval.

05/26/2009

More in Company News