JHI Associates, Inc. Working Interests in PL001 Licence and Canje Block
Sector: Water Supply and Storage • Location: Falkland Islands, United Kingdom
Source: Financial Conduct Authority (FCA)
Acquisition of 100% of JHI Associates, Inc., including a 35% working interest in the PL001 offshore licence area in the Falkland Islands adjacent to the Sea Lion Field, and a 17.5% interest in the Canje Block offshore Guyana. The acquisition complements Eco Atlantic's Atlantic Margin portfolio and includes strategic partnership with Navitas Petroleum LP. The acquisition is valued at approximately
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | Obfuscated Data |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Acquisition of 100% of JHI Associates, Inc., including a 35% working interest in the PL001 offshore licence area in the Falkland Islands adjacent to the Sea Lion Field, and a 17.5% interest in the Canje Block offshore Guyana. The acquisition complements Eco Atlantic's Atlantic Margin portfolio and includes strategic partnership with Navitas Petroleum LP. The acquisition is valued at approximately US$52.3 million. The PL001 licence covers 1,126 km2 in water depths of 400-500m, with significant oil exploration potential and a pending five-year licence extension. The Canje Block is operated by ExxonMobil and partners, with multiple prospects identified. The transaction includes a cash balance of US$1 million in JHI on closing. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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