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Tethys Petroleum Completes Acquisition of Additional 34% Joint Venture Interest in Seven Stars Energy from Sangam for $7m to Expand its Position in the Bokhtar Area
GlobalData, Jan 2012, Pages: 4
Tethys Petroleum Completes Acquisition of Additional 34% Joint Venture Interest in Seven Stars Energy from Sangam for $7m to Expand its Position in the Bokhtar Area - Deal Analysis From GlobalData
Summary
Tethys Petroleum Limited, (Tethys Petroleum) an oil and gas company, completed the acquisition of additional 34% joint venture interest in oil and gas company Seven Stars Energy Corporation, (Seven Stars Energy) from oil fuel distributor Sangam Ltd., (Sangam) for a purchase consideration of $7m in cash.
Seven Stars Energy is the owner of the rights to the Bokhtar Production Sharing Contract (Bokhtar PSC) in Tajikistan. Bokhtar PSC covers an area of 35,000 square kilometers (8.7 million acres) and contains 1.14 Billion Barrels Oil Equivalent (boe) of prospective resources. Bokhtar PSC is held by Kulob Petroleum Limited, a wholly owned subsidiary of Seven Stars Energy.
Scope
- Rationale behind Tethys Petroleum acquiring remaining stake in Seven Stars Energy from Sangam
- Stratigic benefits for the companies involved in the transaction
- Geography covered - Tajikstan
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in Asian industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Tajikstan's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
Keywords
Tethys Petroleum, Sangam, Seven Stars Energy, Bokhtar PSC
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