NYK has reached an agreement with Ezra Holdings Ltd and Chiyoda Corp. to acquire a 25% share of EMAS Chiyoda Subsea Ltd.
Exploration - 13 June 2016
Ajith Muralidharan, Vaangden Pte Ltd, Singapore, discusses the opportunities present in the oil and gas buyers’ market.
The company has provided an update on its activities at its South Disouq asset located onshore Nile Delta Egypt.
The acquisition follows the company’s identification of two highly prospective Jurassic fault blocks and one Cretaceous submarine fan system in the FEL 1/13 Licence.
The company has used production revenues to buy a stake in PEDL182 incorporating the Broughton North Prospect.