One-Page Deal Sheet
Africa Oil Farms Out Three Onshore Exploration Blocks to Maersk
Maersk Oil Africa Oil Corp.
Announced Date
November 09,2015
Effective Date
March 31,2015
Close Date
February 04,2016
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
427
Asset/Basin:
{"South Lokichar Basin","Rift Basin","South Omo"}
Transaction Details: Subscribe to see
Closing Announcement - February 4, 2016
Africa Oil Corp. has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S related to Kenyan Blocks 10BB, 13T and 10BA.
At completion, Africa Oil received US$427 million from Maersk. This amount represents US$344 million of reimbursed past costs incurred by Africa Oil prior to the agreed March 31, 2015 effective date of the farmout and US$83 million representing Maersk's share of costs incurred between the effective date and December 31, 2015, including a carry reimbursement of US$15MM of exploration expenditures. An…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-09-2017 |
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| Oct-28-2013 |
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| Sep-06-2013 |
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| Sep-03-2013 |
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| Jul-26-2013 |
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