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Source: www.asiaecon.org |

BLOCK 32 GETS $ 1.3 BILLION FROM CHINESE OIL COMPANIES


Marathon announced that its subsidiary, Marathon International Petroleum Angola Block 32 Limited, has began of agreement with Sinopec International Petroleum Exploration and Production Corporation (SINOPEC) and CNOOC International Limited (CNOOC), and it will purchase an undivided 20 percent participating interest in the Production Sharing Contract and Joint Operating Agreement in Block 32 offshore Angola. The companies expect to close the transaction by year-end 2009, subject to Government and regulatory approvals. For transfer of working interests in Angola, the concessionaire and the other Block 32 partners have rights of first refusal.


The transaction has a total value of $1.3 billion, excluding any purchase price adjustments at closing, with an effective date of Jan. 1, 2009. Marathon will retain a 10 percent working interest in Block 32.

David E. Roberts, Jr. Marathon Executive vice-President said: “This sale demonstrates the significant amount of value being created through Marathon’s exploration success in Angola and elsewhere around the world. With the divestiture of a portion of our Angola interest, we are able to bring better balance to our overall portfolio by capturing the sizable amount of value we have created and redeploying capital into other growth regions for the Company. At the same time, maintaining a 10 percent interest in both Blocks 31 and 32 provides Marathon with exposure to this important resource base,”

“Our worldwide exploration success rate of over 60 percent with 48 significant discoveries over the past seven years - and a very attractive portfolio of global opportunities yet to come - further illustrates Marathon’s value creation capability and places us well on track for continued growth,” Roberts said.

The concessionaire of Block 32 is Sonangol, Angola’s state-owned oil company. The operator is TOTAL Exploration and Production Angola (Block 32 Ltd) with 30 percent interest. Sonangol P&P holds a 20 percent interest; Esso Exploration and Production Angola (Block 32) holds a 15 percent interest; and Petrogal holds a 5 percent interest.

Marathon’s financial advisor for this transaction is Standard Chartered Bank.

The transaction total excluded any purchase price adjustments at closing and has an effective date of Jan. 1, 2009. Marathon will retain a 10% working interest in the block.

The companies expect to close the transaction by yearend, subject to government and regulatory approvals. For transfer of working interests in Angola, the concessionaire and the other Block 32 partners have rights of first refusal.

Angola state-owned oil firm Sonangol serves as concessionaire of Block 32. Block operator Total E&P Angola (Block 32) Ltd. holds 30% interest. Other partners are Sonangol P&P 20%, Esso E&P Angola (Block 32) 15%, and Petrogal 5%.

Shares of Chinese energy majors CNOOC Ltd. and China Petroleum and Chemical Corp. (Sinopec) gained in Hong Kong trading Monday, helped by news that their joint venture will acquire a 20% stake in an Angolan oil block from a subsidiary of U.S.-based Marathon Oil Corp.
The two Chinese state-owned firms will together pay Marathon  $1.3 billion to acquire the stake in the so-called Angola Block 32, which has 12 previously announced discoveries.

The oil field “is a significant resource base with estimated recoverable light crude oil reserves of 1.5 billion barrels,” Goldman Sachs analysts wrote in a report. “The $1.3 billion consideration compares with our valuation of $1.4 billion to $1.65 billion and Marathon’s publicly disclosed offer of $1.8 billion to $2 billion.”

They said the acquisition would build on CNOOC’s “growing deepwater exposure” and values the recoverable reserves at $4.30 a barrel. CNOOC’s share of the proven reserves from the field, at 150 million barrels, compares with its 2008 proven reserves of 2.5 billion barrels.

Source: www.asiaecon.org |


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Comment From: | On: 06/13/2017 07:06 pm

 

Projects funding through BG/SBLC Leasing

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Sir/Ma I am a financial consultant and have a very good and reputable Provider of some bank instruments which can be monetised and discount for funding of your various project within lenders/investors and projects owners or borrowers that need funding for there various projects etc. We give oppurtunities for projects owner not withstanding the kind of projects, business support and can be engaged into PPP trading. Projects such as Real Estate Projects Construction Projects Government contract Projects, Transportation Projects Aviation Projects Telecommunication Projects Import and Export Projects etc. We are located in Europe and we are very ready to take a good look at your projects and faciliate the whole process. Kindly contact me if you have projects that need funding through this channel. Email: leasemandate.richdas@gmail.com Skype : leasemandate.richdas Yours , Mr Richard Rana Das


Comment From: | On: 06/13/2017 07:06 pm

 

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Comment From: | On: 09/10/2018 03:09 pm

 

BG/SBLC LC DLC AND MTN FOR LEASE/SALES

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We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed. We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively. For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com


Comment From: | On: 09/22/2018 02:09 pm

 

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We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed. We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively. For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com


Comment From: | On: 09/22/2018 02:09 pm

 

Financial Instrument- Lease BG/SBLC

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We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed. We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively. For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com


Comment From: | On: 09/22/2018 02:09 pm

 

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We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed. We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively. For further inquiry contact Contact : Mr. SIVAJOTHI GNANATHEEVAM Email: leasingmandate@gmail.com


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Comment From: | On: 04/18/2018 07:04 pm

 

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Comment From: | On: 05/31/2018 02:05 pm

 

Project Funding and Banking Instrument Such As {(BG/SBLC/LC/DC/MTN)} for lease and purchase

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Sir I am a financial consultant and have a very good and reputable Provider of some bank instruments we can only deliver fresh cut cash backed lease bank instrument {(BG/SBLC/LC/DC/MTN)} to you in accordance to our terms and condition. Our bank instruments can serves as collateral as the case may be, which will enable you get loans from your bank so as to embark on any projects such as Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Real estate, Bridges, Trading, Importing and exporting and Other Turnkey Project (s) etc. Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will email you our terms and condition upon request. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

Project Funding and Banking Instrument Such As {(BG/SBLC/LC/DC/MTN)} for lease and purchase

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Sir I am a financial consultant and have a very good and reputable Provider of some bank instruments we can only deliver fresh cut cash backed lease bank instrument {(BG/SBLC/LC/DC/MTN)} to you in accordance to our terms and condition. Our bank instruments can serves as collateral as the case may be, which will enable you get loans from your bank so as to embark on any projects such as Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Real estate, Bridges, Trading, Importing and exporting and Other Turnkey Project (s) etc. Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will email you our terms and condition upon request. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

Project Funding and Banking Instrument Such As {(BG/SBLC/LC/DC/MTN)} for lease and purchase

Log into reply to this post

Sir I am a financial consultant and have a very good and reputable Provider of some bank instruments we can only deliver fresh cut cash backed lease bank instrument {(BG/SBLC/LC/DC/MTN)} to you in accordance to our terms and condition. Our bank instruments can serves as collateral as the case may be, which will enable you get loans from your bank so as to embark on any projects such as Aviation, Agriculture, Petroleum, Mining, Telecommunication, Construction of Dams, Real estate, Bridges, Trading, Importing and exporting and Other Turnkey Project (s) etc. Also these instruments can be put in PPP, etc. Please do let me know of your willingness to proceed and I will email you our terms and condition upon request. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

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Comment From: | On: 05/31/2018 02:05 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 05/31/2018 02:05 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com / robertglen.finance230@yahoo.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 09/11/2018 03:09 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com / robertglen.finance230@yahoo.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 09/11/2018 03:09 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com / robertglen.finance230@yahoo.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 09/11/2018 03:09 pm

 

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

Log into reply to this post

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE. I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. - Bank Guarantee (BG) - Standby Letter of Credit (SBLC) - Direct Line of Credit (DLC) - Medium Term Note (MTN) - Letter of Credit (LC) I will be glad to share with you our working procedures. Contact :Robert Glen Email: robertg.finance@gmail.com / robertglen.finance230@yahoo.com Skype: robertg.finance@gmail.com BROKERS ARE WELCOME & 100% PROTECTED!!!


Comment From: | On: 09/11/2018 03:09 pm

 

Acquisition of Financial Instrument (BG,SBLC,MTN) & Monetizing Facilities.

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Dear Sir, Are you having one or two difficulties from other financial instrument lender? I want you to take a chance with us you will never regret your partnership with our firm.We have direct and efficient providers. I am the sole mandate of a genuine efficient provider for lease/sales BG/ SBLC and other financial instruments, at reasonable prices, Issuance by top AAA rated Bank in Europe.Presently, we focus on BG/SBLC for Lease and Sale transactions, However, our Lease BG/SBLC/MTN is 6+2% and Sale at 32+2%. Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with DOA within 48hrs maximum. Please request for full procedure details if interested. For further inquiry contact: Utpal Chowdhury Skype: utpal.chowdhury73 chowdutpal@gmail.com +447937173417


Comment From: | On: 08/01/2018 08:08 am

 

Acquisition of Financial Instrument (BG,SBLC,MTN)

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Dear sir/ma, I'm a financial consultant for my clients and We have a direct genuine provider for BG/SBLC/Mtn's specifically for lease at affordable leasing price of any amount of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA. Kindly email us for more info: Contact: chowdutpal@gmail.com Skype: utpal.chowdhury73 BROKERS ARE WELCOME & 100% PROTECTED!!! Regards, Utpal


Comment From: | On: 08/01/2018 08:08 am

 

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