IN BRIEF: Bowleven says Perenco to buy into Etinde venture in Cameroon
7th Jun 2022 10:59
Bowleven PLC - Africa-focused oil and gas exploration firm focussed on Cameroon - Says New Age Ltd, the operator of the Etinde licence joint venture, has transferred its interests and operatorship to a subsidiary of Perenco SA. The transaction is subject to approval by the Cameroon government and the approval of the Etinde partners. Bowleven has a 25% equity interest in Etinde, which is offshore Cameroon. It will continue to be entitled to a final investment decision payment of USD25 million from its partners. This would include Perenco after the completion of the transfer. Read More