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Pilot Energy and Black Swan Resources to relinquish WA-507-P

Pilot Energy remained on title after completion of the transaction in respect of its 80% legal interest in the Permit, but Black Swan assumed the beneficial interest and all risks and liabilities in respect of the Permit.

 
 
 

Equinor: entering new agreements in Azerbaijan

Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s state oil company SOCAR have signed a RSA related to the appraisal and development of the Karabagh oilfield and a PSA for the Ashrafi, Dan Ulduzu, Aypara area.