Aker Energy $100 million acquisition of Hess Corporation's Ghana business

19/2/2018

Private acquisition, Concession, Asset acquisition

Value:

$ 100 million

Status:

Announced

Date:

19/2/2018

Overview:

Aker Energy has reached an agreement to acquire a stake in a oil and gas concession in Ghana from the Hess Corporation for $100 million.
The agreement relates to a 50% participating interest in Deepwater Tano Cape Three Points block.
The block currently produces 550 million barrels of oil daily but has the potential to increase capacity by a further 400 million.

Katrin Kostadinova - Data analyst

Jurisdiction:

Ghana

Deal types:

Private acquisition
Concession
Asset acquisition

Practice area:

M&A

Governing law:

Ghana

Industry sectors:

Energy
Oil and gas

Firms:

BAHR

Party: Aker Energy (Acquirer)

Lawyer: Stig Klausen Engelhart

Slaughter and May

Party: Aker Energy (Acquirer)

Lawyer: Hywel Davies

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