Offshore staff
PERTH, Australia – Shareholders of Bahari Holding Co. have agreed to sell their 40% interest in a production-sharing contract for blocks 35, 36, and 37 offshore the Union of the Comoros to UK independent Discover Exploration.
In exchange, they will receive 5% of the enlarged share capital of Discover, which is backed by private equity concern Carlyle International Energy Partners.
Calima Energy, which owns 8.5% of Bahari, added thatTullow Oil, which has farmed into 35% of the blocks in the Indian Ocean, will assume operatorship and will carry Discover for a 3D seismic survey and the first exploration well.
Both transactions remain subject to government consent.
Discover’s other offshore interests comprise:
• 35% in Petroleum Exploration Permit 38264 offshore New Zealand, operated by Beach Energy
• 22.5%-45% of the GEms and 4Quads offshore the Netherlands, operated by Orange-Nassau Energie – these contain the potential 185-bcf Ruby discovery, which is progressing toward development
• 45% of the Geldsackplate exploration license offshore Germany, operated by Orange-Nassau Energie
• 20% of exploration license H&L offshore Germany, operated by Wintershall
• 32% of exploration license 14/16 offshore Denmark, operated by Edison
• A signed farm-in agreement to acquire a 25% non-operated share of an exploration license offshore West Africa.
12/03/2018
