Negotiations have ceased over the purchase by Vitol SA of Harvest Natural Resources Inc.’s 66.667% interest in the Dussafu Marine Permit production sharing contract offshore Gabon.
Harvest Pres. and Chief Executive Officer James Edmiston said, “We were unable to reach an agreement on terms of a transaction with Vitol that would meet Harvest’s requirements on timing and certainty.”
Edmiston said Harvest has completed a 1,130 sq km 3D seismic survey around two presalt discoveries in the contract area, Tortue and Ruche.
