Madagascar has opened a licensing round offering 44 offshore blocks in the Morondava Basin, according to a news release.
“OMNIS, together with TGS and BGP, has worked to create an attractive environment for offshore exploration. Studies conducted on new data suggest there is significant potential for future discoveries offshore,” the release said.
Each block offered covers about 1,940 sq km. The total acreage offered is 63,296 sq km.
The licensing round, launched Nov. 7 during Africa Oil Week, will remain open until May 30, 2019. Road shows are scheduled for Feb. 19 in London and Feb. 26 in Houston.
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
Here’s a snapshot of energy deals from the past week including a minerals deal worth roughly $151 million and the sale of Devon’s Central Basin Platform assets in the Permian Basin.
Blackbeard Resources has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin portfolio.