Brief: ShaMaran And Marathon Oil KDV To Restructure Previously Announced Deal

ShaMaran Petroleum

03/04/2019 22:43

April 3 (Reuters) - Shamaran Petroleum  SNM.V :
    * SHAMARAN UPDATE ON ACQUISITION AND HEAVY OIL TEST
    * CO, MARATHON OIL KDV BV AGREED TO RESTRUCTURE PREVIOUSLY
ANNOUNCED DEC. 27, 2018 DEAL AS A BACK-TO-BACK ASSET PURCHASE
AND SALE
    * SHAMARAN - UNDER TERMS OF 2 NEW SEPARATE PURCHASE & SALE
AGREEMENTS, CO'S UNIT TO ACQUIRE DIRECTLY MOKDV'S 15%
PARTICIPATING INTEREST IN ATRUSH BLOCK
    * SHAMARAN - AFTER CO'S UNIT TO DIRECTLY ACQUIRE MOKDV'S 15%
INTEREST, UNIT TO SELL 7.5% PARTICIPATING INTEREST TO TAQA
ATRUSH, OPERATOR OF ATRUSH BLOCK
    * PARTIES ARE CURRENTLY WORKING WITH KURDISTAN REGIONAL
GOVERNMENT

Source text for Eikon:  ID:nCNWqy39Ca 
Further company coverage:  SNM.V 

 ((Reuters.Briefs@thomsonreuters.com;))