• Tullow Encounters Oil at Emekuya-1 Well, Kenya

  Tullow Oil has encountered oil at Emekuya-1 well in Block 13T, Northern Kenya.The well had the objective of drilling a fault block on the flank of the Greater Etom structure. The well was drilled by the PR Marriott Rig-46 to a total measured depth of 1,356m. The well has encountered approximately 75m of net...

  Tullow Encounters Oil at Emekuya-1 Well, Kenya

  Tullow Oil has encountered oil at Emekuya-1 well in Block 13T, Northern Kenya.The well had the objective of drilling a fault block on the flank of the Greater Etom structure. The well was drilled by the PR Marriott Rig-46 to a total measured depth of 1,356m. The well has encountered approximately 75m of net...

  Tullow Encounters Oil at Emekuya-1 Well, Kenya

  May 17, 2017 Exploration

  Tullow Oil has encountered oil at Emekuya-1 well in Block 13T, Northern Kenya.

  The well had the objective of drilling a fault block on the flank of the Greater Etom structure. The well was drilled by the PR Marriott Rig-46 to a total measured depth of 1,356m. The well has encountered approximately 75m of net oil pay in two zones, and penetrated reservoir quality Miocene sandstones.

  Ownership of Block 13T: Tullow Oil (50%, operator), Africa Oil Corp (25%) and Maersk (25%).

  View Africa Oil press release

  May 17, 2017
  Tullow Encounters Oil at Emekuya-1 Well, Kenya

  May 17, 2017 Exploration

  Tullow Oil has encountered oil at Emekuya-1 well in Block 13T, Northern Kenya.

  The well had the objective of drilling a fault block on the flank of the Greater Etom structure. The well was drilled by the PR Marriott Rig-46 to a total measured depth of 1,356m. The well has encountered approximately 75m of net oil pay in two zones, and penetrated reservoir quality Miocene sandstones.

  Ownership of Block 13T: Tullow Oil (50%, operator), Africa Oil Corp (25%) and Maersk (25%).

  View Africa Oil press release
  May 17, 2017
• Engie to Divest 70% Stake in EPI to Neptune Oil & Gas

  Engie has received a firm and binding offer from Neptune Energy to acquire 70% interest in Exploration & Production International (EPI) for an aggregate €4.7 billion (US$5.1 billion) (at 100%, including €1.1 billion in decommissioning liabilities deconsolidated from Engie’s balance...

  Engie to Divest 70% Stake in EPI to Neptune Oil & Gas

  Engie has received a firm and binding offer from Neptune Energy to acquire 70% interest in Exploration & Production International (EPI) for an aggregate €4.7 billion (US$5.1 billion) (at 100%, including €1.1 billion in decommissioning liabilities deconsolidated from Engie’s balance...

  Engie to Divest 70% Stake in EPI to Neptune Oil & Gas

  May 12, 2017 Headlines, Global Deals

  Engie has received a firm and binding offer from Neptune Energy to acquire 70% interest in Exploration & Production International (EPI) for an aggregate €4.7 billion (US$5.1 billion) (at 100%, including €1.1 billion in decommissioning liabilities deconsolidated from Engie’s balance sheet).

  EPI is headquartered in France and has upstream oil and gas interests in the United Kingdom, Norway, Germany, the Netherlands, Indonesia, Algeria and Egypt. As of 31-Dec-2016, EPI had booked 2P reserves of 672 MMBOE and its equity production was 148 MBOE/d in 2016. As part of the envisaged transaction, Engie would keep a 30% interest in the Touat project in Algeria.

  Neptune Energy is a UK-based company backed by funds advised by The Carlyle Group and CVC Capital Partners, and a sovereign investor, dedicated to investing in upstream oil and gas activities.

  The envisaged transaction is expected to be completed by early Q1-2018.

  View Engie press release

  May 12, 2017
  Engie to Divest 70% Stake in EPI to Neptune Oil & Gas

  May 12, 2017 Headlines, Global Deals

  Engie has received a firm and binding offer from Neptune Energy to acquire 70% interest in Exploration & Production International (EPI) for an aggregate €4.7 billion (US$5.1 billion) (at 100%, including €1.1 billion in decommissioning liabilities deconsolidated from Engie’s balance sheet).

  EPI is headquartered in France and has upstream oil and gas interests in the United Kingdom, Norway, Germany, the Netherlands, Indonesia, Algeria and Egypt. As of 31-Dec-2016, EPI had booked 2P reserves of 672 MMBOE and its equity production was 148 MBOE/d in 2016. As part of the envisaged transaction, Engie would keep a 30% interest in the Touat project in Algeria.

  Neptune Energy is a UK-based company backed by funds advised by The Carlyle Group and CVC Capital Partners, and a sovereign investor, dedicated to investing in upstream oil and gas activities.

  The envisaged transaction is expected to be completed by early Q1-2018.

  View Engie press release
  May 12, 2017
• WildHorse Resource Buys Eagle Ford Assets for $625 Million

  WildHorse Resource Development Corporation (WRD) has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and affiliates of Kohlberg Kravis Roberts & Co LP (KKR) for aggregate consideration of $625 million,...

  WildHorse Resource Buys Eagle Ford Assets for $625 Million

  WildHorse Resource Development Corporation (WRD) has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and affiliates of Kohlberg Kravis Roberts & Co LP (KKR) for aggregate consideration of $625 million,...

  WildHorse Resource Buys Eagle Ford Assets for $625 Million

  May 11, 2017 Global Deals

  WildHorse Resource Development Corporation (WRD) has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and affiliates of Kohlberg Kravis Roberts & Co LP (KKR) for aggregate consideration of $625 million, including approximately $556 million of cash to APC and 6.3 million shares of WRD common stock valued at approximately $69 million to KKR.

  Key Acquisition Highlights:

  • Approximately 111,000 net acres (95% held by production) in Burleson, Brazos, Lee, Milam, Robertson, and Washington Counties next to WRD’s existing acreage position
  • Approximately 7.6 MBOE/d of net production for Q4-2016 consisting of approximately 72% oil and 89% liquids from 68 Eagle Ford, 299 Austin Chalk, 19 Buda/Georgetown operated wells
  • 949 net Eagle Ford locations and 22.9 MMBOE of proved developed producing reserves (73% oil and 88% liquids)

  The transaction is expected to close on or about Jun-2017.

  View WildHorse Resource Development press release

  May 11, 2017
  WildHorse Resource Buys Eagle Ford Assets for $625 Million

  May 11, 2017 Global Deals

  WildHorse Resource Development Corporation (WRD) has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and affiliates of Kohlberg Kravis Roberts & Co LP (KKR) for aggregate consideration of $625 million, including approximately $556 million of cash to APC and 6.3 million shares of WRD common stock valued at approximately $69 million to KKR.

  Key Acquisition Highlights:

  • Approximately 111,000 net acres (95% held by production) in Burleson, Brazos, Lee, Milam, Robertson, and Washington Counties next to WRD’s existing acreage position
  • Approximately 7.6 MBOE/d of net production for Q4-2016 consisting of approximately 72% oil and 89% liquids from 68 Eagle Ford, 299 Austin Chalk, 19 Buda/Georgetown operated wells
  • 949 net Eagle Ford locations and 22.9 MMBOE of proved developed producing reserves (73% oil and 88% liquids)

  The transaction is expected to close on or about Jun-2017.

  View WildHorse Resource Development press release
  May 11, 2017
• Kosmos Makes Gas Discovery at Yakaar-1 Well, Off Senegal

  Kosmos Energy has made a major gas discovery at Yakaar-1 well, located in the Cayar Offshore Profond block, offshore Senegal.The well has been drilled by the the Atwood Achiever rig to a total depth of approximately 4,700m, in nearly 2,550m of water. The well intersected a gross hydrocarbon column of 120m...

  Kosmos Makes Gas Discovery at Yakaar-1 Well, Off Senegal

  Kosmos Energy has made a major gas discovery at Yakaar-1 well, located in the Cayar Offshore Profond block, offshore Senegal.The well has been drilled by the the Atwood Achiever rig to a total depth of approximately 4,700m, in nearly 2,550m of water. The well intersected a gross hydrocarbon column of 120m...

  Kosmos Makes Gas Discovery at Yakaar-1 Well, Off Senegal

  May 9, 2017 Exploration

  Kosmos Energy has made a major gas discovery at Yakaar-1 well, located in the Cayar Offshore Profond block, offshore Senegal.

  The well has been drilled by the the Atwood Achiever rig to a total depth of approximately 4,700m, in nearly 2,550m of water. The well intersected a gross hydrocarbon column of 120m (394 ft) in three pools within the primary Lower Cenomanian objective and encountered 45m (148 ft) of net pay. Well results confirm the presence of thick, stacked, reservoir sands over a very large area with very good porosity and permeability.

  Kosmos estimates Yakaar-1 discovered a gross Pmean gas resource of approximately 15 Tcf, in-line with pre-drill expectations. Preliminary analysis of gas samples conducted on the rig suggest the well encountered a gas with a condensate-to-gas ratio (CGR) in the range of approximately 15-30 bbl/MMscf.

  Ownership of Cayar Offshore Profond: Kosmos (30%, operator), BP (30%), Timis Corporation (30%) and Petrosen (10%).

  View Kosmos press release

  May 9, 2017
  Kosmos Makes Gas Discovery at Yakaar-1 Well, Off Senegal

  May 9, 2017 Exploration

  Kosmos Energy has made a major gas discovery at Yakaar-1 well, located in the Cayar Offshore Profond block, offshore Senegal.

  The well has been drilled by the the Atwood Achiever rig to a total depth of approximately 4,700m, in nearly 2,550m of water. The well intersected a gross hydrocarbon column of 120m (394 ft) in three pools within the primary Lower Cenomanian objective and encountered 45m (148 ft) of net pay. Well results confirm the presence of thick, stacked, reservoir sands over a very large area with very good porosity and permeability.

  Kosmos estimates Yakaar-1 discovered a gross Pmean gas resource of approximately 15 Tcf, in-line with pre-drill expectations. Preliminary analysis of gas samples conducted on the rig suggest the well encountered a gas with a condensate-to-gas ratio (CGR) in the range of approximately 15-30 bbl/MMscf.

  Ownership of Cayar Offshore Profond: Kosmos (30%, operator), BP (30%), Timis Corporation (30%) and Petrosen (10%).

  View Kosmos press release
  May 9, 2017

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