Brief: Turcas Petrol Receives Request For Unilateral Cancellation Of Farm-Out Agreement From Perenco

Turcas Holding

20/11/2020 14:19

Nov 20 (Reuters) - TURCAS PETROL AS  TRCAS.IS :
    * WITH REGARD TO NEGATIVE IMPACT OF PANDEMIC ON THE OIL MARKET, WE HAVE
RECEIVED
THE REQUEST OF AMSTERDAM BASED TURKSE PERENCO FOR UNILATERAL CANCELLATION OF THE
FARM-OUT AGREEMENT
    * IN THIS CONTEXT THE FARM-OUT AGREEMENT WILL BE CANCELLED
    * NECESSARY PROCEDURES TO BE FOLLOWED TO WITHDRAW APPLICATION TO TURKEY'S
MINISTRY
OF ENERGY AND GENERAL DIRECTORATE OF MINING AND PETROLEUM AFFAIRS (MAPEG) TO
TRANSFER 50% OF OIL EXPLORATION UTILIZATION RIGHTS IN M-22A AREA IN DENIZLI
PROVINCE TO PERENCO

Source text for Eikon:  ID:nIKA4pddwT 
Further company coverage:  TRCAS.IS 

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