BG offloads Mauritania interests for $128m
Thu 18 Jan 2007
Oil & Gas Producers 6,852 -0.01%
LONDON (SHARECAST) - Oil and gas group BG has completed the sale of Mauritania Holdings to Kuwait Foreign Exploration Company for $128m, it said in a statement Thursday.
Today’s deal marks the disposal of all BG Group's current interests in Mauritania.
“BG Group has increased its worldwide exploration acreage significantly in the last 18 months and believes that its Mauritanian assets no longer fit strategically within its exploration portfolio,” it said.
The company bought Mauritania Holdings from Hardman Resources in 2004 for an aggregate cash consideration of $132m.
HDR
hardman resources limited
BG offloads Mauritania interests for $128m Thu 18 Jan 2007 Oil &...
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