Simco Petroleum
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Date Location Client Other Party Project Description
2008 CONGO BRAZZAVILLE PA RESOURCES

SOCO GROUP
(in a group including Lundin Petroleum & Raffia Oil SARL)

 

Simco assisted PA Resources in their marketing and data room presentations to farm out a total of 72.5% interest in the exploration licence Marine XIV offshore the Republic of Congo.
 
MARGINAL FIELDS IN NIGERIA PAEA Ltd Simco assisted the shareholders of PAEA in seeking a buyer for the company, as well as in the negotiations of the sale and purchase agreement
 
2007 EQUATORIAL GUINEA BLOCK I Confidential Client asked Simco to market a stake in the Block I PSC for farm-out. Simco conducted a data room exercise. leading to the identification of an interested party. Assisted client in the negotiations of the farm-out agreement.
 
UK CONTINENTAL SHELF DTI Provided technical and management support to private oil company in their application in UK 24th licensing Round., including formation of a bidding group. The group was awarded ten blocks.
 
2006 MORROCO ONSHORE Supex Cabre Maroc Ltd Advised Supex in the disposal of it's minority shareholding in Cabre.
 
NIGERIA ONSHORE Equity Energy Limited/Whitehawk Ltd Joint Venture Sahara Energy Ltd & Eurafric Energy Ltd Simco identified the opportunity to invest in two "marginal fields". After Simco's detailed technical and economic analysis client entered into agreements with license holders of marginal fields, to invest and act as service contractor.
 
DANISH NORTH SEA DEA Provided technical and management support to private oil company in their application in Danish 6th licensing Round., including formation of a bidding group. The group was awarded two blocks.
 
2005 NIGERIA OPL 320 Simco conducted technical reviews and studies on block OPL 320, and conducted a data room exercise to attract farm in partners. Pioneer farmed in for a 51% stake and will act as technical partner in acquiring 3-D seismic and drilling exploration wells.
 
UK NORTH SEA DTI Provided technical and management support to private oil company in their application in UK 23rd licensing Round., including formation of a bidding group. The group was awarded five blocks.
 
NIGERIA OML 109
Tetra Petroleum Simco successfully found an industry partner, Tetra Petroleum, to join its clients in the further development of an offshore Nigerian exploration and production License. Tetra acts as Service Contractor.
 
BULGARIA Successful sale of client interests in two offshore exploration Licences.
 
2004 TUNISIA OFFSHORE Following approaches to selected companies, secured sale of client's stake in Zarat exploration permit and Didon Oilfield in a $25 million cash transaction.
 
EQUATORIAL GUINEA
BLOCK H
Assisted in the negotiation and successful farm out of an equity interest in the Block to Pioneer.
 
EQUATORIAL GUINEA
BLOCK I
Following a marketing exercise, approached Noble and successfully negotiated Sasol's divestiture of their position on Block I, which was held through an option.
 
EQUATORIAL GUINEA
BLOCK I

Provided data room, technical assistance and marketing services to clients, resulting in the successful farm out of an equity interest in the Block to Noble.
 
MEDITERRANEAN Confidential n/a Reviewed business model of client company, produced cash flow estimates for funding requirements in relation to financing exercise. Introduced client to London brokerage houses towards seeking stock market floatation.
 
2003 NIGERIA
Atlas Petroleum International Ltd
n/a Full commercial evaluation of project and forecasts of projected reserves and cash flows from existing production and projected development.
 
TUNISIA Confidential n/a Provided an economic and technical report on a number of investment opportunities on behalf of a client.
 
TRINIDAD Confidential n/a Undertook technical and commercial evaluation of specific opportunities in anticipation of national licensing round.
 
EQUATORIAL GUINEA GESeis Assisting in negotiating and arranging 1000 sq km 3 D seismic survey, offshore, Equatorial Guinea.
 
WEST AFRICA Confidential Arranged bidding group and negotiated bidding agreement on behalf of client, for application in the Joint Development Zone, (JDZ). Monitored technical studies undertaken by the group and prepared application.
 
WEST AFRICA Confidential Sale of an interest in an offshore exploration block. Undertook dataroom exercise, and negotiated a cash payment for a six month option period which also involved option holder reprocessing 3-D seismic data.
 
UK Confidential Confidential Provided technical advice to a client company with onshore exploration assets.
 
2002 LATIN AMERICA Anglo African Energy n/a Advised client in investment opportunities in Cuba and Suriname, including country visits, data collection and technical and economic analysis.
 
MOROCCO Sahara Petrolium n/a Provided commercial and technical evaluation of potential opportunities on behalf of a client.
 
WEST AFRICA Negotiated farm out agreement allowing international oil company the option to acquire large stake and technical operatorship in two offshore deep water blocks.
 
WEST AFRICA Simco advised an established African oil company with 9000 bopd production, towards the renegotiation of Licence joint venture agreements.
 
WEST AFRICA Assisted client in negotiations with partner company leading to re-allocation of equity interests, in client's favour, in offshore block.
 
2001 OMAN Confidential n/a Attended data room to conduct geotechnical, economic and legal duediligence of an investment opportunity on behalf of a client.
 
INTERNATIONAL n/a Advised Houston based private oil and gas company on its international portfolio. Evaluated prospects in Argentina, China, France, New Zealand and Tunisia. Prepared a work programme budget and business plan. Approached financial institutions towards securing $40 million funding.
 
NIGERIA Advised client in its application and negotiations for award of Production Sharing Contract in deep waters.
 
WEST AFRICA
Terra Energy Services
Arranged contract with seismic company for the acquisition of 2000km 2-D seismic over two offshore blocks.
 
ALGERIA Confidential n/a Provided technical services to a client company in relation to potential investment opportunities.
 
WEST AFRICA Arranged sale of equity in exploration block in a transaction valued at up to $10 million.
 
2000 IVORY COST Advised clients in Licence applications for two deep water Blocks, leading to signing of two Production Sharing Contracts.
 
TUNISIA Arranged $5.75 million disposal of 5 mmbo oil and 40 bcf gas field.
 
EQUATORIAL GUINEA Farm in to finance exploration in offshore exploration block, involving acquisition of 3 D seismic and drilling of a well. Total value of trnsaction $24m.
 
1999 UNITED KINGDOM Octagon Energy Ltd. Advised private oil company exploring for gas in onshore UK on their financing requirements, and introduced the company to a trade investor who provided $17 million in financing.
 
TRINIDAD Anglo-African Energy Arranged $5 million farm in to finance field development and further seismic programme for exploration.
 
EQUATORIAL GUINEA
Ministry of Mines & Energy
Advised client in its application and negotiations leading to award of three Production Sharing Contracts over five offshore licences.
 
1998 KAZAKHSTAN Arranged $6 million disposal of 70 mmbo reserves oilfield.
 
TRINIDAD Trinidad Exploration & Development Ltd. Organised sale of private oil company holding onshore exploration Licence to Canadian public company.
 
TRINIDAD Trinidad Exploration & Development Ltd. Arranged farm out for client oil company to finance three well onshore exploration programme.
 
1997 CARRIBEAN Trinidad Exploration & Development Ltd. n/a Managed the commercial and financial affairs of a private oil company undertaking exploration in the Caribbean. Additionally provided management support in the establishment of local offices and in the instigation and monitoring of a drilling programme.
 
SOUTH EAST ASIA B.R.I.C. On behalf of client arranged bidding group and negotiated Bidding Agreement, including a carry for the client in a $1 million technical study, leading to award of 7000 sq. km exploration block.
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