Farm-out of Marine XIV stake, Mer Profond Sud relinquishment


Issue 158 - 06 Mar 2009 | 1 minute read

Following PA Resources’ decision to reduce its licence share in the Marine XIV licence to 12.5% from 85%, the state Société Nationale des Pétroles du Congo, which has a 15% stake, has decided not to exercise its pre-emption right.

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