ROC Successfully Completes EOG Resources China Limited Acquisition
édité le 19/05/2021 - Plus de news de Roc Oil - Voir la fiche entreprise de Roc Oil
Roc Oil Company Pty Limited (ROC) is pleased to announce it has, through its wholly owned subsidiary Roc Oil Holdings (Cayman Islands) Company, acquired the entire issued share capital of EOG Resources China Limited (EOG China), a wholly owned subsidiary of EOGI China International Limited for a base purchase price of US$140 million plus working capital adjustment with an effective date of 1 July 2020.
EOG China holds a 100% participating interest and operatorship of the Bajiaochang Field (BJC) and associated facilities located in the Chuanzhong Block, Sichuan Basin, to the north-east of Chengdu, China. The field produces virtually dry gas with minor condensate from tight sandstone reservoirs from 30+ wells and is adjacent to many other oil and gas fields, in an area of ongoing active field operations. Current net production i