One-Page Deal Sheet
Chariot Farms Out with Cairn in Mauritania
Cairn Energy Plc Chariot Oil and Gas
Announced Date
August 08,2013
Close Date
October 14,2013
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
26
Asset/Basin:
{"Offshore Mauritania"}
Location
Region
Africa - West Africa
Country
Mauritania
Transaction Details: Subscribe to see
Chariot Oil & Gas Limited reports that the farm-out agreement signed between its wholly-owned subsidiary, Chariot Oil & Gas Investments (Mauritania) Ltd. and Capricorn Mauritania Limited, a wholly owned subsidiary of Cairn, on licence C19 offshore Mauritania has been approved by the Ministry of Hydrocarbons in Mauritania and all other approvals and conditions precedent to the transaction have been granted or fulfilled.
As part of the farm-out agreement, Cairn committed to pay approximately US$26 million for the costs of the 3D seismic data acquired by Chariot on the block and other back costs…
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