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Iraq: ShaMaran acquires TotalEnergies interest in the Sarsang PSC in Kurdistan 14 Jul 2021 TotalEnergies to acquire its affiliate ( TEPKRI Sarsang) holding an 18% non-operated participating interest in the Sarsang Production Sharing Contract in the Kurdistan Region of Iraq for an initial consideration of USD 155 million plus working capital adjustments amounting to U SD 14.2 million as of January 1, 2021. An additional contingent consideration of USD 15 million is payable in the future as more fully described below. The Acquisition is transformative to ShaMaran’s production, reserves and financial profile and delivers on the Company’s focused and disciplined strategy for growth by targeting this opportunity that is accretive to the Company, its shareholders and its bondholders. ....
ShaMaran to acquire TotalEnergies' stake in Sarsang licence in Iraq offshore-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-technology.com Daily Mail and Mail on Sunday newspapers.
Transformative Acquisition of TotalEnergies' Affiliate with an 18% Interest in Sarsang PSC and New Financings benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.