PROPOSALS DUE: Details to be provided in the confidential information.
Petrogas E&P LLC has engaged FirstEnergy Capital LLP (“GMP FirstEnergy”) as exclusive advisor for the farm-out of Block 55, onshore Oman. Block 55 is held by Petrogas Kahil, a 100% owned subsidiary of Petrogas.
High impact exploration in both established and recently proven oil plays
Petrogas is seeking a partner to jointly participate in the forthcoming exploration of Block 55, due to commence in Q1 2017. Petrogas’s preference is for the interested party to structure a farm-in proposal to acquire an interest by equalising on past costs and funding a disproportional share of the forward work program.
After signing a Confidentially Agreement (“CA”), interested parties will be provided with access to a comprehensive online dataroom. A physical dataroom, with access to seismic workstation, will be hosted at Petrogas’s office in Muscat and available for prospective buyers through the months of November and December 2016.