Equinox Oil & Gas Acquires 40% Equity in Associated Oil and Gas Services
22nd November 2007
Abuja, Nigeria – Equinox Oil & Gas Limited, a premier indigenous private company has farmed-in 40% equity in Associated Oil & Gas Services Limited (AOGSL) which is the operator of Tom Shot Bank Marginal Field (OML 14). The marginal field is jointly owned by Associated Oil & Gas Services (51%) and Dansaki Petroloeum (49%).
Farm-out agreement on OML 14 Tom Shot Bank was signed between the Nigerian National Petroleum Corporation (NNPC)/Shell Development Petroleum Company (SPDC) as Farmor and AOGSL and Dansaki Petroleum as Farmee in April 2004.
The Joint Operating Agreement was signed between AOGSL and Dansaki Petroleum on 24 April 2007.
A technical partner has been secured in the name of Amber Petroleum Limited, and all the relevant agreements have been executed in October 2007.
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