Madagascar: OMV farmout from Niko approved

The government of Madagascar has approved the farmout by Niko Resources Ltd., Calgary, to OMV AG of a 40% interest in the Grand Prix PSC.

Niko, which retains a 35% working interest, expects to receive proceeds from the transaction from OMV by Oct. 3. Consideration is not disclosed. EnerMad Corp. holds the other 25% interest.

OMV will become operator and drill an exploratory well that is expected to spud in early 2015. The 16,845 sq km block extends from the island’s western coast to more than 1,000 m of water.

Related Articles

Petrobras completes exploration well in TOR area of Santos basin

05/09/2014 Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) reported that it has completed drilling the last exploration well in the Transfer of Rights...

Associations raise concerns in Atlantic OCS G&G comments

05/08/2014 The US Bureau of Ocean Energy Management’s preferred alternative for new geologic and geophysical (G&G) activity on the South and Mid-Atlantic ...

Alaska receives 43 bids in Cook Inlet, peninsula lease sales

05/08/2014 The Alaska Division of Oil & Gas reported receiving 43 bids from companies and investors hoping to secure state leases during the Cook Inlet an...

Study targets area off Australia, Indonesia

05/08/2014 Petroleum Geo-Services said an international seismic study has improved understanding of regional stratigraphy and basin development in an area off...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected