UK-BASED OIL explorer Heritage Oil agreed to merge with Genel Energy International, a unit of Turkeys Cukurova Group CUKRO.UL, to create an oil producer focused on Iraqi Kurdistan worth around US$5.5bn.
Exploration
FAR, Shell to explore offshore Senegal
FIRST AUSTRALIAN RESOURCES (FAR) and Shell Exploration Company have agreed to conduct an exploration program in the Sangomar Offshore, Rufisque Offshore and Sangomar deep Offshore Blocks off the coast of Senegal.
M&P hits Gabon oil as profits soar
MAUREL & PROM HAS announced a fresh oil discovery in Gabon as it posted surging 2008 profits and reaffirmed plans to buy up assets made cheaper by a sharp drop in oil prices. "We are looking at farm ins, or partnerships in another companys oilfield,” chairman Jean-Francois Henin.
Tullow antes up for Liberia stake
Noble pay Equatorial Guinea
NOBLE ENERGY HAS made an oil discovery on block O at the Carmen prospect, offshore Equatorial Guinea. The well encountered approximately 7.9 m of net oil pay along with 4 m of net gas pay, the company says.
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