BP acquires additional interest in Block 2714A offshore Namibia in deal with Petrobras

Monday, March 19, 2012      
  • Completed a transaction whereby BP has acquired a further 20% equity interest in Block 2714A from Petrobras.

Chariot Oil & Gas notes that its partners in Southern Block 2714A, Petrobras and BP Exploration (Namibia), have completed a transaction whereby BP has acquired a further 20% equity interest in Block 2714A from Petrobras. Accordingly the ownership of Block 2714A now stands at Petrobras (Operator) 30%, BP 45% with Enigma Oil & Gas Exploration (Chariot's wholly owned subsidiary) remaining at 25%.

This change to the equity ownership does not affect the current programme for Licence 20, which contains the drill ready prospect Nimrod. As announced previously, the partnership plans to drill exploration well Kabeljou-1 on the high impact Nimrod Prospect in the second half of 2012.

Paul Welch, CEO of Chariot, commented: 'We are pleased to note BP's increased equity holding in Licence 20 and continue to look forward to the drilling of Kabeljou-1 in the second half of this year.'


Article Tags

Chariot Oil & Gas BP Petrobras Namibia Africa Acquisitions & Mergers AIM

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Upcoming OilVoice Training Course

Introduction to Oil & Gas Exploration and Production: 2-Day Course
This is a two day course, running Tuesday 15th and Wednesday 16th March 2016. Course summary This module is designed for people interested in the exploration and production of oil and gas who do not have a subsurface technical background. It provides a brief introduction to geology and geophysics f...
London - 15 Mar

Helen Turnell


Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all

Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you

OilVoice Training All upcoming


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us

Stay Connected

2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us