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Algerian State Oil Pre-Empts Petroceltic JV Sale

Sonatrach Petroceltic International Plc
AnnouncedJul 10, 2013
TypeJV
Announced Date
July 10,2013
Effective Date
July 04,2013
Close Date
June 18,2014
Transaction Type
JV
Enterprise Value (EV)($MM)
180




Snapshot
Asset/Basin:
{"Isarene PSC - Ain Tsila field"}
Location
Region
Africa - North Africa

Country
Algeria


Transaction Details:  Subscribe to see

Update - February 13, 2014

Petroceltic International plc , the independent oil and gas exploration company focussed on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the agreed sale of an 18.375% interest in the Isarene Production Sharing Contract, which includes the world class Ain Tsila gas condensate discovery, onshore Algeria, to Sonatrach, the Algerian National Company for Hydrocarbons.

The assignment has been effected by way of a sale and purchase agreement, under which Sonatrach will acquire an 18.375% interest in the Isarene PSC covering…

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