Address
Mitchell House PO Box 174
The Valley
Anguilla
British West Indies
http://www.arawakenergy.com
Telephone
+1 264 498 2645
Fax
+1 264 497 6800
Email
info@arawakenergy.com
Description
Arawak Energy Corporation is engaged in the exploration, development and production of oil and natural gas in Kazakhstan, Russia and Azerbaijan.
In January 2005, Arawak completed two significant acquisitions in Russia and Kazakhstan which transformed the company into a multi-asset oil and gas company with current production of around 5,000 bopd and proved and probable reserves of 72.8 million boe.
The Company's asset in the Azerbaijan Republic is its interest in the Exploration, Development and Production Sharing Agreement (EDPSA) for the South West Gobustan fields. Commonwealth Gobustan Limited (CGL) holds an 80% interest in the EDPSA with the remaining 20% held by SOCAR Oil Affiliate.
Arawak holds a 37.17% interest in CGL with the remaining 62.83% being held by two affiliates of China National Petroleum Corporation.
Arawak's assets in Russia are held through ZAO PechoraNefteGas in which Arawak has a 50% interest with the remaining interest being held by Valkyries Petroleum Corporation. In Kazakhstan, Arawak's assets are held through its 100% wholly-owned subsidiary Altius Energy Corporation.